Online University Nexford Raises USD 8 Mn Series A Funding Round

U.S.-based online university platform Nexford University has raised USD 8 Mn in a Series A round co-led by New Markets Venture Partners and Learn Capital, two prominent edtech venture capital firms in the U.S. that have invested in Pathstream, Udemy, and Coursera. New Markets Venture Partners general partner Jason Palmer and Learn Capital managing partner Greg Mauro will join Nexford’s board.

Other investors include Learn’s Emerging Markets Fund anchored by International Finance Corporation (IFC), Bisk Ventures, Global Ventures, Future Africa, the U.K.-based investment firm AMK Investments and the Future of Learning Fund.

Nexford University provides learners with a fully online U.S.-accredited higher education and lets them study at their own pace. Once learners apply and get admitted into either a degree or a course program, they choose how fast or slow they want the program to be. Nexford’s most significant markets are traditionally underserved English-speaking communities like Nigeria.