Nigerian Edtech Startup, uLesson Raises $3.1 Million Seed Funding from TLcom Capital
Nigerian Edtech learning platform founded by Sim Shagaya, uLesson, has secured a $3.1 million seed funding from TLcom Capital. It was announced this morning in an official press release.
According to the statement, the seed fund will enable uLesson to take its educational content to market in West Africa as well as enable it activate plans to develop educational content and a product for the East African market.
Just so you know, uLesson is billed to officially launch in February 2020, having been in beta testing mode for 12 months.
As part of the seed round, Ido Sum and Omobola Johnson, partners in TLcom’s executive team, will join the board alongside former Konga CEO, Shola Adekoya.
Speaking on the investment and upcoming launch of uLesson, CEO Sim Shagaya says, “We want to lower the entry point for access to education for young Africans, and technology is the only way this challenge will be met. With this in mind, today is not just an investment in uLesson – it’s an investment in Africa’s future.”
“We work collaboratively, passionately & relentlessly, utilising every tool available, to deliver high-quality affordable education to all Africans. Education, Financial Inclusion & Health need to be tackled on the continent”, he concluded.
Speaking for the investors, Ido Sum noted that uLesson “found a company that fits perfectly with our ethos – an entrepreneur-led startup building affordable, mass-market mobile-first solution tackling one of Africa’s largest challenges”
He described the founder, Sim Shagaya as “an entrepreneur with an unrivalled track record in building technology products for Africa”.
“His team is building solutions for a massive opportunity, and we strongly believe they are about to make a serious dent in the education market across the continent.”
Recall that uLesson first came on the scene early this year when Sim Shagaya made known on Twitter his plans to create a platform that would change how Africans read:
uLesson’s mobile offering rests on three pillars: academics, media & technology, and curriculum content, delivered through streaming and SD cards.
uLesson’s current content focuses on core subjects of Maths, Physics, Chemistry and Biology for secondary school students tailored towards the WAEC curriculum region (Nigeria, Ghana, Sierra Leone, Liberia and Gambia).
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