uLesson Obtains $7.5m to Reach East, South African Markets
By Adedapo Adesanya
African learning technology platform, uLesson has secured a $7.5 million Series A round led by Owl Ventures, with inclusion from existing investors, TLcom Capital and Founder Collective, and participation from new investor LocalGlobe.
This will allow the education startup’s push to deliver affordable, high-quality, and accessible education across Africa using technology.
The move will also see Mr Tory Patterson, Managing Director of Owl Ventures, joining the uLesson board.
It was announced that the funding will be deployed to power uLesson’s expansion into Eastern and Southern Africa, as well as secure new talent, and build its product development and production infrastructure.
Alongside uLesson’s expansion into Eastern and Southern Africa, the startup is set to launch a host of new products including a new pan-African primary school library, 1:1 tutoring sessions, and Challenge – its new app feature that allows learners to challenge friends to a quiz. The platform has also set its sights on launching an iOS app in the near future.
Speaking on the funding, uLesson founder and CEO, Mr Sim Shagaya, noted that, “Africa is not one place. Different needs, cultures, and curricula mean that uLesson has to carefully and deliberately think about how to design products and distribution channels to serve such a vast market.
“Almost daily we receive emails from families across the continent asking us to make services available to them. And in 2021, we will.
“The appreciation of the importance of education has always been there; the means of delivering digital, relevant education has previously been lacking. We are now witnessing an increased availability of data networks in Africa and with more affordable smartphones and the change in attitudes towards online learning accelerated by COVID-19, the foundations are now in place for an education revolution.
“At uLesson, we know we have a critical role to play in this ‘new normal’ and this funding will be crucial in our drive to fill the major gaps in Africa’s education system through tech.”
Adding to this, Mr Tory Patterson, Managing Director of Owl Ventures, the world’s largest education-focused VC firm and an investor in leading edtech players such as Byjus, MasterClass, Whitehat Jr, and Quizlet, said “Owl Ventures is honoured to be partnering with uLesson for their Series A.
“The company has quickly grown into the premier platform supporting students in Africa and we are excited to support their global expansion, as they seek to empower students around the world.”
On his part, Mr David Frankel, Managing Partner at Founder Collective and an investor in PillPack, Olo, and Coupang noted, “As an investor, it’s rare to find a massive, under-served market being addressed by an entrepreneur whose skills are tailor-made for the opportunity.
“Sim Shagaya is assembling a world-class team to help realize his vision of a modernized education system for one of the highest potential places in the world today, and we’re thrilled to be a part of it.”
Mr Ido Sum, Partner at TLcom Capital stated that, “Since we partnered with Sim in 2019, uLesson has shown exceptional growth and fully validated our belief in its huge potential.
“We welcome Owl Ventures and LocalGlobe, as combining their domain expertise from other markets with our local presence and expertise, we can together further support the company to become a world-class EdTech platform.”
Ms Suzanne Ashman, Partner at LocalGlobe, also stated, “We are thrilled to add uLesson to our emerging portfolio of Africa-based companies.
“We, like many investors and entrepreneurs, are excited by Africa’s future and the potential for a wave of category-defining tech companies to emerge in the region. We were hugely impressed by the foundational DNA of uLesson’s team in Nigeria.
The team has purpose-built the product to make the learning experience significantly more engaging and effective than a large classroom experience. We are delighted to be part of uLesson’s journey.”
This is, however, not uLesson’s first raise as it made an initial $3.1 million seed round in November 2019, led by TLcom Capital with participation from the company’s Founder and CEO.
Founded by serial entrepreneur, Mr Sim Shagaya, uLesson curates personalised, curriculum-relevant content via mobile and PC devices for students in the K-7 to K-12 segment across the continent.
Students can access the lessons via streaming and SD cards, where they can download and store the content, allowing them to study remotely, removing challenges around internet access limitations and costs.
uLesson’s content is originally tailored for Nigeria, Ghana, Sierra Leone, Liberia, and the Gambia within the K-12 segment and now includes the IGCSE curriculum which is relevant for the other markets.
The team has to-date produced over 5,000 richly animated video lessons, 30,000 quizzes, and tests across senior and junior classes on its Android app that supports each country’s curriculum.