Education finance company Fundi acquires edtech company EduOne

SOUTH AFRICA – Fundi, an education finance and education fund management solution specialist, has acquired EduOne, a South African education technology company. Started in 2015 in Cape Town by Jason Basel and co-founders James Kieser, Pieter Strydom and Ben Rath, EduOne was developed in response to their own challenges and experiences of accessing and moving through the education system.   Today the company operates South Africa’s largest career guidance website, engaging students on their post-school options. It also builds software such as a mentorship platform and fund disbursement tool, both aimed…

Read More

EduTech platform Tyro acquires Egyptian social startup Nafham

EGYPT – Tyro, an EduTech platform connecting students with qualified instructors through one-to-one and group sessions, is acquiring Nafham, an Egyptian social startup that offers free crowdsourced educational content, under a share-swap agreement. The agreement entails Tyro’s leadership taking over Nafham’s management and operations to enhance the customer experience of Nafham’s six million users. “Both companies joining forces will technically make us the largest Edutech platform in the MENA region providing both, live online tutoring as well as recorded educational video content,” said Mokhtar Osman, Tyro CEO. “It is crucial…

Read More

Kenya’s edtech startup Craydel raises US$1m for Africa expansion

KENYA – Education technology startup Craydel has announced it has raised US$1 million to expand outside of Kenya to serve more students on the continent. The funding will also be used to improve its search and recommendation engine, enhance its proprietary online career resources and technology. Founded by ex-WPP Scangroup Executive Manish Sardana, John Nguru, and Shayne Aman Premji, Craydel the web-based platform allows working professionals and students to select courses from a large pool of local and international universities. Users are also able to compare the cost of studying…

Read More

EdTech company OTO secures US$400,000 from EdVentures to expand its services

EGYPT – EdVentures, a corporate venture capital that invests in startups, has invested US$400,000 in cash and in-kind services in Egyptian digital learning platform OTO, in an attempt to enhance distance learning methods and support startups in Egypt and the Arab world. The goal of this investment is to develop the company’s platform and further expand its services to include a larger segment of users, especially middle and secondary school students by delivering educational programmes in a variety of areas/subjects. This, in turn, will reflect on the educational experience that…

Read More

EdTech startup Semicolon Africa closes US$1.2m seed round to increase its delivery capacity

AFRICA – Semicolon Africa, an EdTech startup creating employment and economic opportunities by training software engineers and techpreneurs, has closed a US$1.2 million seed round of funding with participation from angels and VCs like Launch Africa Ventures and Consonance Investment Managers. The acquired fund will be used by Semicolon to increase its training, talent management, and project delivery capacity. Semicolon currently provides the critical support needed for techpreneurs to develop their startup ideas into blustering businesses. This cuts across early business support, product development, advisory, and training. Hence, the company…

Read More

Financial edtech startup FinMeUp secures funding from ZAQ Ventures to expand its offering

SOUTH AFRICA – FinMeUp, a financial education startup, has secured an undisclosed amount in funding from ZAQ Ventures (Venture Studio), a venture capital firm that focuses on investing in startups. According to reports, the undisclosed amount of funding, which was secured from an angel round, will be used towards the development and expansion of the financial edtech startup’s platform and product offerings. This included the launch of new features and establishing partnerships along with the implementation and launch of FinMeUp wealth. The funds will be used to build out the…

Read More

AfricInvest, Tunisian businessman acquire majority stake in ISGA

MOROCCO – Private Equity firm AfricInvest has announced that it has made a new investment in Morocco’s education sector. The investor has acquired jointly with the Tunisian businessman Tawhid Chtioui, 80% of the Moroccan Higher Institute of Applied Engineering (ISGA). Shares were acquired from the Diouri family which was until now the majority shareholder of the ISGA group. The operation was announced by several local media in September, but no details were given about the buyer. With this participation, AfricInvest commits to support the development plan of the private education…

Read More

Rent Small Small startup to join Techstars Toronto accelerator programme

NIGERIA – Rent Small Small, a prop-tech startup, has been accepted to join the latest cohort of the Techstars Toronto accelerator programme, securing US$120,000 in funding and assistance in scaling.  It has been selected to take part in the latest Techstars Toronto accelerator, which kicks off this month, following fellow Nigerian startups TalentQL and Plentywaka (now Treepz), who took part in the same programme earlier this year.  The 13-week Techstars Toronto accelerator programme is designed to provide mentorship, funding and access to the Techstars network. It culminates with a demo day at which selected startups will pitch to a carefully curated group of investors. Startups also secure US$120,000 in equity investment. …

Read More

Facebook announces 13 community leaders as winners of its Community Accelerator Program

AFRICA – Facebook announced the winners of the 2021 Facebook Community Accelerator Program, highlighting the 13 Facebook community leaders from Nigeria, South Africa, and Kenya out of over 13,000 applicants who entered the competition. The winners will receive training, mentorship and up to US$50,000 in funds to invest in an initiative that extends their community’s positive impact. The Community Accelerator is part of Facebook’s Community Leadership Program, a program to help leaders harness the power of their community to turn impactful ideas into action. Leaders will learn how to harness…

Read More

Plug and Play, ITIDA launch Open Innovation Hub in Egypt to boost startup ecosystem

EGYPT – Plug and Play, a global innovation platform, is partnering with The Egyptian Information Technology Industry Development Agency (ITIDA), to launch an Open Innovation Hub in Cairo. The aim is to establish a strategic partnership to boost Egypt’s entrepreneurship and startup ecosystem. Plug and Play Egypt is scheduled to launch in November 2021 and will have an initial focus on Digital Transformation in Fintech, Insurtech, Energy, IoT, Mobility, Healthcare, and Sustainability amongst other industries. Through this partnership, Plug and Play Egypt will run two Acceleration and two Incubation programs…

Read More