GJO & Partners

Edtech in Nigeria: funding deals and active investors

One of the best-documented segments on the platform. Latest rounds, investors who lead them, tickets and instruments — Edtech, Nigeria.

7

deals recorded

2

over 12 months

1.3 M$

median disclosed ticket

13

identified investors

Key findings

  • 7 funding deals recorded (Edtech, Nigeria) since 2019, involving 7 companies and 13 identified investors. 2 of them over the last 12 months (1 the previous year).
  • Median disclosed ticket: 1.3 M$; half of the deals fall between 1.1 M$ and 1.8 M$ (4 amounts disclosed out of 7, 6.2 M$ in total).
  • Where the money goes: E-learning and online courses (86 %), Tutoring and school support (14 %).
  • Most frequent stage: Pre-Seed (43 %); most used instrument: Equity (71 %).
  • Most active investors: Business Finland (1), Chui Ventures (1), Enza Capital (1).
  • 57 % of deals are syndicated (at least two investors around the table).

Industries

  • E-learning and online courses6
  • Tutoring and school support1

Stages

  • Pre-Seed3
  • Seed2
  • Debt1

Instruments

  • Equity5
  • Senior debt1
  • Grant1

Deals per year

YearDealsDisclosed amounts
202442.1 M$
202624.1 M$

Most active investors

Latest deals

CompanyDateDisclosed amountsLead
CodarE-learning and online courses · Nigeria · DebtJul 20261.5 M$KWE4 AFRICA Venture Studiosource
TuteriaTutoring and school support · Nigeria · SeedJan 20262.6 M$Enza Capitalsource
LingawaE-learning and online courses · Nigeria · Pre-SeedNov 20241.1 M$Voltron Capitalsource
DexudeE-learning and online courses · NigeriaOct 2024undisclosedBusiness Finlandsource
TespireE-learning and online courses · Nigeria · Pre-SeedSept 2024undisclosedundisclosedsource
KlasE-learning and online courses · Nigeria · Pre-SeedFeb 20241 M$Ingressive Capitalsource
uLessonE-learning and online courses · Nigeria · SeedJan 2019undisclosedTLcom Capitalsource
Looking for funding? See which funds match your project →Browse the fund directory →Investor: see published projects looking for funding →

See also

Method: published funding deals (press releases, specialised media), recorded by Invest Matching's news monitoring and reviewed before integration. Amounts in US dollars; deals without a disclosed amount count in the totals, not in the medians.