Nigerian Edtech startup Edves has announced it raised $575k in a seed funding round to help it improve its product and bring more schools online.
The round was led by Beta.Ventures. Launch Africa Ventures, Chinook Capital and Future Africa also participated in the round.
Edves which was launched in 2016 provides an academic portal that automates operations in schools and colleges from admission to transcript generation.
Edves is focused on reducing teacher and administrator workload, enabling them to mark attendance and prepare classroom lessons leveraging Edves’ AI algorithms. The startup is currently active in almost 800 schools across Nigeria, Ghana, and Zimbabwe, and planning further expansion.
Beta.Ventures’ general partner Ovo Emorhokpor speaking on the investment said Beta. Ventures have mandated itself to support exceptional African startup valuables to Nigeria and other African communities.
“We have witnessed Edves firsthand and seen how they deliver on their promise to digitize the learning process in and out of the classroom in Africa. We are thrilled to be part of their journey as they scale their offerings and expand into new markets,” said Ovo.
Zachariah George, the managing partner at Launch Africa Ventures, also added that: “Schools all over the continent need easy-to-use, secure learner management software that encompasses all school needs by addressing specific challenges with capturing data, paperwork, and improving every area of school operation.
With its proprietary technology, presence in three countries, and nearly 800 institutions already onboard in Nigeria alone, we feel very confident in the Edves team’s ability to tackle this huge opportunity head-on,”.
Edves will use the funding to improve its product and service delivery and accelerate into other consumer needs in the Nigerian and African markets.