Edukoya Raises US$3.5 Million in its Pre-Seed Round

Edukoya, an online learning platform has announced that it has managed to raise US$3.5 million in a pre-seed round. The round was reportedly led by Target Global and the investors included, Babs Ogundeyi and Musty Mustapha – founders of Kuda, Shola Akinlade – CEO and co-founder of Paystack (acquired by Stripe), among many others.

“Our vision at Edukoya is to redefine online education for the next generation of Africans. Africa has the fastest-growing school-age population globally, with over 260M students and counting. Our goal is to democratise access and make high quality instruction and content accessible and affordable to every student, regardless of where he or she lives on the continent.”

Honey Ogundeyi, Founder and CEO, Edukoya

“We are delighted to lead this investment and partner with Honey and her impressive team of education technology pioneers. Edukoya’s mission to provide better quality to millions of African Students, combined with the team’s ability to execute on this ambition, left an immediate impression on myself and the whole team at Target Global. Their business has the potential to unlock learner potential and improve lives across generations.”

Lina Chong, Investment Director, Target Global

Edukoya has reportedly said that they plan to these pre-seed funds to live in Nigeria by 2022 along with accelerating its products and upcoming technology to facilitate digital learning.