Nigerian edtech startup, uLesson, has raised $7.5 million in a Series A funding round led by US-based Owl Ventures. Owl Ventures fund is focused on the world edtech market and has over $1.2 billion in assets under its management.
Other investors in the Series A round include TL Com Capital, Founders Collective and LocalGlobe.
It’s an interesting development for a startup that was founded less than a year ago after receiving $3.1 million in pre-seed funding. While uLesson has not shared its user numbers, the last year has seen renewed interest in edtech startups globally.
With the pandemic forcing lockdowns and many countries unsure of what the future will look like for education, edtech startups are helping to fill that gap. They’re ensuring that learning is continuing.
Despite the stride of these startups, economic inequality means that these apps are not available to a lot of people and in Africa, things like the cost of data are big issues. uLesson works around this data problem by giving students a product pack of SD cards, dongle, and a set of headphones to students. The SD cards are preloaded with hours of videos.
It suggests that while their app play is important, uLesson also realizes that some sort of offline solution is helpful for the African market.
What’s next? With operations across five West African countries, uLesson is now looking to expand to East and Southern Africa.