Nigerian ed-tech firm, uLesson, has raised $15 million in Series B funding. The funding will be used to expand the startup team and enhance services for its increasing community of African students and learners.
Earlier in the year, the startup had acquired a US$7.5 million in Series A round and has now progressed to a second-round within the same year in review.
Some of the investors in this round include Nielsen Ventures and Tencent as well as current backers like Owl Ventures, TLcom Capital, and Founder Collective.
The startup was founded by serial entrepreneur Sim Shagaya in 2019 and 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 platforms.
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uLesson is accessible in Nigeria, Ghana, Sierra Leone, Liberia, The Gambia, Kenya, Uganda, Rwanda, South Africa, the United States (US), and the United Kingdom (UK) and has had a 430% growth in daily average users in 2021, with effective learning result.
The startup intends to use the funds to keep investing in product innovation, improve its key technology, and expand its cohort-based learning capabilities.
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