Lagos, November 9, 2018:
EDVES recently closed a seed round with investment from CcHUB Growth Capital and Chinook Capital. This seed investment is proof of the strong potential of the company to improve the Educational sector through the coordination of school administrative activities and automation of learning process.
EDVES since its inception in 2016 has been involved in a full-featured School Management System that allows school administrators track school data, accurately measure growth This innovation also helps to streamlines school processes, making it easier to keep school records clean, complete, organized, and easy to retrieve.
Edves was among the 81 Companies that won the AVDD GEM Grant sponsored by World Bank and DFID, and early this year was selected for British Council Business Acceleration in Abuja. Edves also won the Transformation Education Prize at the 2018 Seedstars World Summit in Lausanne, Switzerland April 2018.
“We are building a solution for schools in Africa to deliver quality Education and measure the impact on learning outcomes through end-to-end automation and a full-featured Teaching Assistant,” said Chief Executive Officer (CEO) and co-founder ‘Dimeji Falana. The company started with a focus to end erratic time, money, data loss in school administrative processes and enable parents to conveniently track the periodic academic and behavioural progress of their children. Since inception, more than 300 Schools are on-board, over 100,000 students, teachers and parents use the platform significantly improving school operations. Feedback of teachers on the platform include statements such as “Edves has taken off our stress”.
Dimeji announcing on his LinkedIn Page about the Capital Investments said: “We are excited to work with these Ventures because of their Agape love for Education, depth in emerging economies and the strong teams they have built”. The funds raised will go to improve Technology, dig deeper on customer insights, scale the number of schools using the platform and beef up the Team to ultimately to improve educational standards in Africa.
About CcHUB Growth Capital
We support high potential, early-stage technology-enabled businesses building next-generation digital infrastructure to power Nigeria’s economy. Our participating investors bring their experience, resources and networks together to work for our investees to catalyse their path to growth.
About Chinook Capital
Chinook Capital is an Early-stage venture capital firm with the vision to be the most admired technology firm in Africa.
EDVES is an Edtech company that automates school processes, lessens tedious activities involved and also to generally reduce paper works in schools. Visit Edves.net for more details.