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In less than two months on the market, fast-rising Nigerian ed-tech startup, Teesas, has secured pre-seed funding amounting to $1.6 million.
Launched in November 2021, Teesas is a Lagos-based educational platform that seamlessly and efficiently connects outstanding tutors and learners to facilitate a fun and effective learning experience by deploying technology and adopting local culture and dialects.
Teesas content is designed in line with the Nigerian educational curriculum and made available in recorded and live format for a subscription fee of $6 per month. In addition, the startup offers local language classes.
The ed-tech startup was founded by former ExxonMobil Nigeria Operations Manager Osayi Izedonmwen. As of press time, Dec. 24, it has more than 150,000 downloads on the Google Play store.
As for how it intends to invest the funds, the startup said it plans to expand its operations into new emerging markets, boost and diversify its product offerings and create a new marketplace that will link its learners with tutors.
The funding round was led by Tolaram Group Africa Managing Director Haresh Aswani. He was supported by other prominent individual and institutional investors, including the Africa-focused venture studio, Olivegreen Advisory Partners.
Commenting on why he supported Teesas, Aswani told TechCrunch: “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.”
