Kenyan Edtech company Zeraki announced recently that it has raised a $1.8 million seed funding round.
According to the company, the fresh capital will be used to enable product catalog growth and regional expansion, and to introduce more administrative tools for schools such as timetabling software, and support parents with fee loans.
Co-founded by Isaac Nyangolo and Erick Oude (COO) in 2014, the company provides digital learning and school data analytics.
“Education is yet to be digitalized across most countries in Africa, and there is a greater opportunity for us to build this market. Laying that foundation that introduces countries, schools and parents on how technology can solve the problems we have in education and being one of the companies in Africa that have shown that it is possible to do this at scale makes this an exciting opportunity,” Nyangolo said.
The company now claims more than 5,000 schools with nearly two million students utilizing its tools. The number is expected to grow once the company launches in new markets and more schools embrace digital tools in enhancing performance.
The company is planning to expand to 10 new markets over the next three years, after successfully scaling in its current markets including Kenya, Uganda and Guinea.
In April this year, Zeraki partnered with Safaricom to enable secondary school learners to access affordable education services from well-trained teachers and informative video lessons.