uLesson, a Nigerian ed-tech startup, has raised US$15 million in Series B funding, which it will use to expand its team and improve services for its growing community of African learners.
Nielsen Ventures and Tencent are among the investors, as are existing backers Owl Ventures, TLcom Capital, and Founder Collective.
The business raised a US$7.5 million Series A deal in January and followed up with a US$15 million Series B round within 12 months.
Founded in 2019 by serial entrepreneur Sim Shagaya, uLesson provides online and mobile learners with live online classrooms with experienced tutors, video lessons, and individualized live homework support for primary and secondary school students.
“We are overjoyed to have reached this significant milestone, which will enable us to continue our mission of providing high-quality, affordable education to all Africans. We’re thrilled to be joined by seasoned investors such as Tencent, who brings extensive knowledge from their investments in education technology. With the support of amazing partners, we can accelerate our learning and better serve the African edtech industry,” Shagaya explained.
uLesson, which is available in Nigeria, Ghana, Sierra Leone, Liberia, The Gambia, Kenya, Uganda, Rwanda, South Africa, the United States (US), and the United Kingdom (UK), witnessed a 430 percent increase in daily average users in 2021, while also claiming improved learning outcomes.
uLesson intends to use the funds to continue investing in product development, strengthen its core technology, and expand its cohort-based learning capabilities. In addition to its trademark scientific and mathematics content, the firm will expand its secondary-level content collection to include social sciences and financial accounting, as well as qualitative and quantitative reasoning.
Read more on Tech Gist Africa:
Go1, an edtech startup, has raised $200 million in a Series D round of funding
Microverse, an edtech startup, has raised $12.5 million in Series A funding.
Nigerian edtech startup, uLesson, raises $7.5m Series A Funding
