NIGERIA – ULesson, an e-learning platform, has announced a new funding raised from Founder Collective, a Massachusetts-based seed-stage venture capital fund that helps entrepreneurs build their businesses. The funding is a result of Founder Collective’s participation in ULesson’s fund raising round in 2019.
According to Technext, this latest undisclosed amount raised from the marquee seed-stage venture capital fund will be used to further the expansion of ULesson’s online learning platform. It will also be used to continue to make available high-quality, affordable and accessible education for African learners.
The online learning platform, which was founded by Sim Shagaya, recently announced a milestone of 40,000 app downloads by users in 4 weeks after it was launched into the market.
The milestone showed that the platform’s service is much needed by people. This is magnified by the lockdown situation because people cannot go to physical educational centers and are looking for suitable virtual alternatives.
The entire team is excited and humbled by this investment by Founder Collective and the strategic guidance and support they bring to our journey.
Building a learning platform like uLesson with a library that is rich in content and scope portends huge benefits for the education system in terms of quality and relevance of content, cost-efficiency, and ease of learning.
Before being launched into the market, the online platform was in beta phase where it was tested to make sure that it fits the needs of its target market as a portable classroom for every student.
3 months before the online learning platform was eventually launched to the market, it raised US$3.1 million from TlCom Capital to aid its expansion across West Africa.
4 weeks after the launch, Sim Shagaya announced that ULesson had expanded to North America, Africa, and Europe and was now available to learners in those regions.
As one of the goals of this latest announced funding, the learning platform will be pushing to expand its content library for users and make sure that quality education is available and affordable.
“This is especially important in a continent like Africa where there is a significant rate of education exclusion. With uLesson, we have created a convergence between quality education and access to education.
“With this funding, we will expand our content library and accelerate our push for providing high-quality, affordable and accessible education for learners,” said Sim Shagaya.
As it goes forward, what to expect from ULesson in the coming months include a Windows product as well as a Junior secondary school library covering Basic Technology, Basic Science, Business Studies and Mathematics.
