Nigerian Edtech Edves Racks Up USD 120 K From Chinook Capital, CcHub Fund

| November 7, 2018

Edves, a Lagos-based edtech startup, has announced that it has raised funding of USD 120 K in seed round from a duo of Nigerian investors – Chinook Capital and Co-creation Hub’s (CcHub) innovation fund Growth Capital.

The startup was founded in 2016 by its currents CEO Dimeji Falana. Alongside the COO Dare Adebayo, the development was announced via a post on Twitter last week.

Edves is in the edtech space to develop school management software that is helping more than 340 schools handle tasks such as admission, payment, report cards, e-learning, and parent-teacher communication – with the view of improving them with innovation to better the Nigerian educational sector.

The portal, in context, is built to allow admission processing with minimal IT skills, while powering both cash and cashless payment methods. It also is supplied with relevant eBooks, video tutorials and virtual classroom, offering one-click results and record generation.

Earlier this year, the startup won the Transforming Education Prize at the 2018 Seedstars World Summit in Lausanne, Switzerland. According to CrunchBase, the Edves has an estimated prior investment totalling USD 71 K from Seedstars, including two grants.