uLesson, a Nigerian edtech firm, has raised $15 million in Series B funding, which will use to expand its staff and enhance services for its increasing community of African students.
In January of this year, the business acquired a US$7.5 million Series A round, and in a year, it had progressed to this Series B with a US$15 million investment.
Nielsen Ventures and Tencent are among the investors, as are current backers Owl Ventures, TLcom Capital, and Founder Collective.
uLesson was founded in 2019 by serial entrepreneur Sim Shagaya, it provides elementary and high school students with live online classrooms with experienced tutors, video lessons, and customized live homework help through its website and app.
uLesson, which is accessible in Nigeria, Ghana, Sierra Leone, Liberia, The Gambia, Kenya, Uganda, Rwanda, South Africa, the United States (US), and the United Kingdom (UK), had a 430% growth in daily average users in 2021, with effective learning result.
uLesson intends to use the funds to keep investing in product innovation, improve its key technology, and expand its cohort-based learning capabilities.
In addition to its core science and mathematical content, the company will stretch its secondary level content library to include social sciences and financial accounting, as well as qualitative and quantitative reasoning at the elementary level.
Shagaya expressed his delight at the firm’s achievement of this key milestone, which would enable it to continue providing high-quality, affordable education to all Africans.
ULession is ecstatic to be supported by seasoned investors such as Tencent, who bring a wealth of knowledge from their education technology initiatives.
As a result of its excellent partners, it can expedite its learning in order to better serve the African edtech market.
Founder Collective managing partner David Frankel expressed his belief that entrepreneurs can transform the globe and expressed his optimism that uLesson will establish new benchmarks for education in Africa.
He also mentions that the continent’s immense talent has been kept back for far too long due to a lack of opportunity.
So he couldn’t be a more active fan of Sim Shagaya and his vision for making education more accessible and inexpensive to millions around the world.
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