It's quite unusual for a new startup to birth in Nigeria with a major funding announcement.
Well, that's what Edukoya, a brand new EdTech platform just did (while still operating in beta) to end an exciting fundraising year with a bang and earn itself the honour of raising the largest pre-seed round for an African EdTech platform to date.
The online learning platform, which empowers learners and their parents to take control of their learning with high-quality learning materials and expert advice, says it raised $3.5 million in a pre-seed round led by Target Global with strategic participation from local and foreign angel investors.
Edukoya plans to use the funds to transition from beta to live launch next year, expand its team, grow its user base, build out the technology for its learning platform, and support its Pan African and European developer hubs.
This week's series of The Draft also features news about VP Fund, Wowzi, Merck, MTN, Mafab, 54gene, BYJUS, Innovaccer, ShareChat, Unicommerce, Binance, Flipkart, Grofers, Shopsy, Uni, Juspay, Fuse, Weibo, Wati, Nuvocargo, Merama, Shopper, CrackTheCode, Chimera Capital, Libra Softworks, and Guardio.