Nigerian Edtech Startup Edves Raises USD 575 K Funding

Edves, a Nigerian ed-tech startup, has received a seed funding round of USD 575 K to help it develop its product and bring more schools online. The round was led by Beta.Ventures, and also featured Launch Africa Ventures, Chinook Capital, and Future Africa.

Edves is an academic portal that automates operations in schools and colleges from admission to transcript generation. The platform reduces the load on teachers and administrators by allowing them to use AI algorithms to track attendance and plan classroom lessons. Edves plans to use the investment to fuel product improvement, release new offerings to address fresh consumer needs in the Nigerian market and major segments in other African markets.