Nigerian ed-tech startup Klas secures US$130k seed round for expansion

NIGERIA – Klas, a Nigeria-based education technology company building the future of online teaching, has raised US$130,000 in an angel round to expand its global footprints of online schools.

Klas is a virtual learning platform that allows anyone to open a virtual school as well as provide live lectures. Their goal is to unleash the power of knowledge exchange.

The funding round was led by an all-star cast of investors including Tola Adesanmi (Spleet), Odunayo Eweniyi (Piggyvest), Nadayar Enegesi (Eden life).

Other investors who participated in the round include Njoku Emmanuel (Lazerpay), Leonard Stiegeler (Jumia), Voltron Capital, Cabal Fund, Velocity Digital, HoaQ, and other famous angels.

With the new financing, the company plans to accelerate platform innovation and expand its global footprint of online schools.

Co-founded by Nathan Nwachuku and Lekan Adejumo in December 2021, Klas is an online education platform that enables anyone to establish an online school and provide live lectures.

The platform’s software supports all the components of teaching online including payments, scheduling, community, analytics, and video conferencing.

The start-up’s mission is to unlock the power of knowledge sharing through technology. Its main objective is to liberate knowledge sharing’s potential.

The platform has expanded to over 2,000 creators on its waitlist, released V2, and worked with leading companies worldwide. On Klas, creators can teach a variety of subjects, including coding, design, cryptography, business, and languages.

The team of Klas is highly technical, working fully remotely to build the best online teaching platform in the world.

The platform is completely free to use. It only charges a 5% platform fee on every paid booking.

The startup takes care of the messy logistics of teaching online from scheduling to payments to student management to hosting an engaging class experience in the virtual classroom.

The rise of edtech platforms to embrace technology follows trends in other startups such as fintech, e-commerce, and healthtech among others that are utilizing technology to reach out.

Education demand in Nigeria continues to increase with the rising population leading to overcrowding in learning institutions.

The increase in edtechs takes off pressure from physical learning institutions to accommodate learners more than their capacities. This has led to the efficient and easier provision of education and capacity building.

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