Nigeria education technology company, uLesson, has revealed that it has closed a $15 million Series-B investment from global investors to provide high quality and affordable education for all Africans.
This was made known via a statement by the Chief Executive Officer, uLesson, Mr Sim Shagaya, on Thursday in Lagos State.
According to Shagaya, uLesson plans to continue to invest in product development, strengthen its core technology and add cohort-based learning features with the capital raised.
Shagaya who stated that uLesson would expand on its flagship, science and mathematics contents, identified Nielsen Ventures and Tencent as some of the investors.
“We’re thrilled to achieve this major milestone which will take us further in bringing high quality and affordable education to all Africans.
“We’re delighted to be joined by seasoned investors such as Tencent, who bring a wealth of experience from their investments in education technology.
“Backed by incredible partners, we can accelerate our learning to serve the African edtech market more effectively,” he said.
Managing Partner, Founder Collective, David Frankel also stated that the incredible talents on the continent had been held back for too long by lack of opportunities.
“I truly believe entrepreneurs can change the world.
“At Founder Collective, I’ve watched Uber upend transportation, Coupang re-envision eCommerce, and I have every hope that uLesson will set new standards for education in Africa,” he said.