Nigerian based Ed-tech start-up, Edves has raised a US$120,000 seed funding round from Chinook Capital and Growth Capital. Edves was established in 2016, and it’s an academic portal that automates operations in schools and colleges from admission to transcript generation.
“We are excited to work with these great ventures because of their agape love for education, depth in emerging economy, and the strong teams they have built,” the start-up said.
The portal allows admission processing with little or no IT skills, powers both cash and cashless payment methods, is loaded with thousands of e-books, video tutorials and virtual classrooms, and offers one-click result and record generation. It is being used by over 340 schools in Nigeria.
We are happy to announce our 1st Seed Round Investment of $120k USD from @nextgenfund and @chinookNG. We are excited to work with these great ventures because of their agape Love for Education, depth in Emerging Economy & the strong teams they have built CC @Cc_HUB @bosuntijani
— Edves (@EdvesSuite) November 2, 2018
Using the Edves platform, educators enjoy automated and speedy operation, while schools have access to reliable and affordable data storage. Parents, meanwhile, can track the performance of their children through SMS, email, the web and a mobile app.
Earlier in the year, the startup took home the Transforming Education in Emerging Markets prize at the Seedstars Summit in Switzerland.
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