uLesson is an Abuja-based ed-tech startup that has raised a $15million Series B fund. This is undoubtedly the largest investment in Africa’s ed-tech ecosystem.
Tencent, Nielsen Ventures and existing investors Owl Ventures and TLcom Capital have all backed uLesson. They will continue to invest in product innovation, strengthening its core technology, and introducing cohort-based learning features.
The company will not only expand on its science and mathematics content but also add financial accounting and social sciences to the secondary content library.
The uLesson app is now 2 million downloaded, more than 12.3 million videos have been viewed, and 25.6 million questions have been answered on the platform, . The daily average user grew by 430% in 2021 and the demand for live lessons grew by 222% after their introduction in September.
Shagaya responded to the investment by saying “we’re delighted to achieve this major milestone that will take us further in providing high quality, affordable education for all Africans.” We are delighted to have Tencent as our partners, seasoned investors who have accumulated wealth from their investments in education tech. We can learn faster to better serve the African edtech markets with the support of amazing partners.
Online learning has seen a surge in demand since the COVID-19 pandemic. This is due to the enduring behavioral changes made by African families. Online learning has been adopted by many families to prevent their children from being in physical contact with tutors.
There are 180 field sales agents available to help schools and individuals in Nigeria, Uganda and Kenya. These countries receive the most attention from an ed-tech startup. uLesson can also be purchased in South Africa, Sierra Leone and the UK. TechCrunch spoke with Sim Shagaya who is the founder and CEO. He said that uLesson was popularized in these countries through word-of-mouth. Nigeria is still the largest market for uLesson, accounting for 85% of its paying customers.
David Frankel, Founder Collective’s Managing Partner, stated that uLesson would set new standards in education in Africa. The incredible talent of the continent has been held back by a lack of opportunities. Sim Shagaya’s vision of more affordable and accessible education opportunities for millions of people is something I could not be more passionate about.
This funding comes eleven months after uLesson secured a Series A round of $7.5 million from Owl Ventures. It will help the company expand into Eastern & Southern Africa and to secure new talent, build its product development infrastructure, and attract new talent.
We reported in November that uLesson had discontinued DevKids its live virtual coding course for children. TechCrunch reports that uLesson will be introducing the feature, which began as an experiment to teach kids code and eventually made 30% of the company’s revenues. It will be integrated into the uLesson platform by next January.