Edukoya secures £2.6m pre-seed funding from Target Global to transition from beta to live launch
The online learning platform raised the pre-seed round from a group led by Target Global and various angel investors.
Edukoya is an online learning platform focused on the African market, connecting students with digital curriculum content and on-demand teachers. Headquartered in London, the company delivers personalised learning and exam preparation tools tailored for secondary school learners.
London-based online learning platform Edukoya has secured £2.6m in a pre-seed funding round led by Berlin-based Target Global. The financing includes strategic participation from a cohort of angel investors and prominent technology founders, among them the heads of Paystack and Kuda. The fresh capital will facilitate the platform's transition from beta to a full commercial launch next year, alongside team expansion and technology development for developer hubs in Africa and Europe.
The company currently operates with a focus on Nigeria, offering supplementary learning and subscription packages geared towards K-12 education and exam preparation. With the backing of international investors, Edukoya aims to scale its digital infrastructure to meet the high demand for accessible educational resources across the continent.
From the founder
"Our vision at Edukoya is to redefine online education for the next generation of Africans. Africa has the fastest-growing school-age population globally, with over 260M students and counting. Our goal is to democratize access and make high quality instruction and content accessible and affordable to every student, regardless of where he or she lives on the continent"
Honey Ogundeyi
Founder and CEO at Edukoya
Investor perspective
"We are delighted to lead this investment and partner with Honey and her impressive team of education technology pioneers. Edukoya’s mission to provide better quality to millions of African Students, combined with the team’s ability to execute on this ambition, left an immediate impression on myself and the whole team at Target Global. Their business has the potential to unlock learner potential and improve lives across generations"
Lina Chong
Investment Director, Target Global
Use of funds
- 01Grow the team
- 02Continue product development
- 03Expand into international markets
Investors
Lina Chong
Target Global
Shola Akinlade
Babs Ogundeyi
Musty Mustapha
Brandon Krieg
Ed Robinson
Raffael Johnen