Monday, March 27

DEAL: Nigerian edtech startup, Teesas raises $1.6 million in a pre-seed funding round

Nigerian edtech startup, Teesas launched less than two months ago has raised $1.6 million in a pre-seed funding round.

The round was led by Haresh Aswani, Tolaram Group’s Africa managing director, with participation from Olivegreen Advisory Partners, an Africa-focused venture studio, and other angel investors.

The startup intends to use the funds to expand into new markets, launch a marketplace that connects students with tutors for private lessons, and broaden its product offering.

What Teesas does

Founded by Osayi Izedonmwen the owner of Imose Technologies, Teesas offers video classes and other digital educational material for learners in Nigeria.

Teesas’ content is aligned with Nigeria’s national curriculum and is offered to learners in both live and recorded versions, with a monthly subscription starting at $6. The company also provides local language courses in addition to regular schoolwork.

Teesas also plans to provide life-skills classes in the first half of next year to help students prepare for self-discovery. This is in addition to anti-bullying courses, which were prompted by reports of an uptick in bullying in Nigeria, some of which resulted in death.

Since its launch, Teesas has over 150,000 downloads on Google Play since its launch, and a weekly growth rate of least 20%.

What they are saying

Haresh Aswani, Tolaram Group’s Africa managing director said, “We believe in the mission Izedonmwen and the Teesas team has set forth on, and we are confident that they are best suited to crack the challenge of using technology to enhance access to quality education across Africa.”