K-12 School digital infrastructure, Edves raises $575,000 USD

Edves is an Education Technology company that serves African k-12 schools by digitizing learning and administration to ensure multi-curricular lesson delivery online and offline. And as digital infrastructure, it enables collaboration between Teachers, Parents and Administrators to deliver education, and collaborate on learners’ progress on learning goals, tracking and analyzing learning outcomes. Since its inception, over 790 schools have used the software to automate operations in Nigeria, Ghana and Zimbabwe. 

The Lagos-based Edtech firm won the 2018 Best Edtech prize in the emerging markets at the Seedstars Global Summit in Switzerland, participated in the 2019 MindCET Go Edtech accelerator in Tel Aviv, New Delhi, New York, Boston and London as the first and the only African Edtech ever selected for the programme. According to Semrush, SimilarWeb and Google Analytics, Edves was the most used indigenous Edtech platform for K-12 schools learning continuity and end-of-term examination in Nigeria between March and September 2020 during the Covid-19 pandemic and school lockdown. The platform has been adopted by top, medium and small Schools in Nigeria, serving over 29,000 Teachers, 96,000 Parents and 232,000 Students in three African markets. Recently, the startup partnered with MTN Nigeria PLC to zero-rate data consumption for every student, parent and teacher on the platform. And this comes with Free 500MB daily data for every MTN subscriber across Nigeria.

The funding round, which was oversubscribed,  was led by Beta Ventures along with Launch Africa, Chinook Capital (follow on) and Future Africa.

The CEO/Co-founder, ‘Dimeji Falana and COO/Co-founder, Dare Adebayo, narrated the fund would fuel product improvement, the release of new offerings to address fresh consumer needs in the Nigerian market and major segments in other African markets. The team is on a milestone to hit 1,000 schools, which they are currently at 790 schools in three African markets.

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