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Africa’s edtech startups remain bullish despite funding decline

Africa’s edtech startups remain bullish despite funding decline

#academic and education
#funding
#Ed-Tech
Edtech startups in Africa raised $24.6 million or 0.7% of Africa’s total funding in 2022, according to data from Disrupt Africa. It represented a 69.6% decline from 2021’s highs. This decline in funding to digital learning underscores one aspect of the challenge of delivering education with technology even as digitalisation spreads its wings across Africa.

A report by Disrupt Africa shows that Edtech start-ups in Africa raised $24.6 million in 2022, representing a 69.6% decline from 2021. However, despite the decline in funding, firms in the sector are focusing on building out digital learning platforms. Africa's largest innovation hub chain, Co-Creation Hub (CcHUB), recently announced a $15 million ed-tech accelerator programme, which promises to invest in up to 72 start-ups in Nigeria and Kenya over the next three years. Some of the well-funded start-ups in the sector include uLesson, which is expanding beyond primary education with a tertiary education product called Miva University, Edukoya, which fired most of its workforce to build a new fintech service, AltSchool Africa, which trains software engineers, product developers, and data analysts, and Orcas, an online marketplace for tutors and babysitters.


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