Edves, a Nigerian edtech startup, has closed a US$575,000 seed round.
The round was piloted by Beta.Ventures with Launch Africa Ventures, Future Africa and Chinook Capital actively participating.
Edves will use the fund to drive product improvement and roll out fresh products that address new consumer needs, not only in the Nigerian market but in other markets in the continent.
Speaking on the mission of Beta.Ventures to support African startups and entrepreneurs that are exceptionally bringing real value to Nigeria and other communities in the continent, the general partner of Beta.Ventures, Ovo Emorhokpor, had this to say:
“We have witnessed Edves firsthand and seen how they deliver on their promise to digitise the learning process in and out of the classroom in Africa. We are thrilled to be part of their journey as they scale their offerings and expand into new markets.”
Emphasizing the importance of automating educational processes, Zachariah George, Launch Africa Ventures managing partner, said digital teaching and learning is crucial especially seeing as almost 60 per cent of the continent’s population of 1.4 billion is under the age of 25.
According to Zachariah, schools all over Africa need learner management software that is secure, easy to use and takes care of all their needs by addressing certain challenges such as paperwork, data capturing, and improving all aspects of school operations.
He expressed his confidence in Edves’ team’s ability to tackle this opportunity by leveraging its proprietary technology, and presence.
Edves has 800 institutions onboard its platform already and it is already being used in three countries (Nigeria, Ghana and Zimbabwe).
Edves was formed in 2016 as an academic portal that automates schools’ operations – from admission to generating transcript.
The platform reduces the workload of teachers and administrators by allowing them use AI algorithms to run classroom operations.
The process is automated so they can automatically mark attendance and prepare classroom lessons.
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