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Home Industries Corporate deals

DEAL: uLesson raises $7.5 million Series A round

Janet John by Janet John
January 19, 2021
in Corporate deals, Spotlight
Sim Shagaya, uLesson
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uLesson, a Nigerian educational learning platform that leverages best in class teachers, media, and technology solutions to create high-quality, affordable and accessible education for African students, announced that it has closed a $7.5M Series A round.

This funding round was led by US-based Owl Ventures, which is focused on education as an investment. It was also backed by existing investors — Founder Collective and TLcom .

READ: Flutterwave, One pipe, and funding raised by Nigerian Tech startups

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DEAL: African edtech startup, uLesson raises $15 million in Series B round

Founded by Sim Shagaya, uLesson curates personalised, curriculum-relevant content via mobile and PC devices for students in the K-7 to K-12 segment across the continent. Students can access the lessons via streaming and SD cards, where they can download and store the content, allowing them to study remotely, removing challenges around internet access limitations and costs.

READ: Griezmann severs ties with Huawei over Uighurs Muslims identification report



According to Sim Shagaya,

  • “The uLesson app has now been downloaded a million times with paying users from at least 7 countries (including countries we don’t formally serve). On average, learners spend around 77 minutes on the app daily — a figure that exceeds the engagement levels on most social networking apps.
  • “Our goal is that ten years from now, K-12 education on the continent will bear little semblance to what you see today. But it won’t just be different, it will be better on most dimensions and much more affordable.
  • “We also believe that the impact borne of the marriage of education and technology will be greater on the African continent than any other place in the world.”

This funding will be deployed to power uLesson’s expansion into Eastern & Southern Africa, as well as secure new talent and build its product development and production infrastructure.

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Tags: Business NewsOwl VenturesSim ShagayauLesson

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