The investment round was led by Ingressive Capital, with participation from Techstars, HoaQ Capital, and angel investors.
Founded in 2022 by Nathan Nwachuku and Lekan Adejumo, Klas aims to become the “Shopify for education” by providing a user-friendly platform for individuals to create and sell online courses, ebooks, and live classes.
The platform caters to a diverse range of subjects, including coding, design, finance, art, and languages, and offers essential features like payment processing, scheduling tools, analytics, video conferencing, and community-building functionalities.
With this fresh injection of capital, Klas sets its sights on ambitious goals. The company plans to empower 100,000 virtual schools globally by 2027, with a particular focus on expanding its reach in North America and India, its second-largest user base.
“We want to make it easy for anyone to share their knowledge and expertise with the world,” explains Nwachuku, Klas’ CEO. “Klas empowers aspiring educators and entrepreneurs to build their own online schools and reach a global audience.”
Klas’ journey began in 2021 when Nwachuku partnered with Adejumo, the company’s CTO.
They secured an initial $180,000 angel round and officially launched the platform the following year. Subsequently, Klas gained entry into the prestigious Techstars accelerator program, further validating its potential.
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
The funding round saw participation from Capria Ventures, Angaza Capital , and Flatworld Partners, with existing investors like Global Ventures, Tencent, Ohara Pharmaceuticals, LCY Group, WTI, and AAIC | Asia Africa Investment & Consulting also taking part.
Adaverse Accelerator, a prominent venture capital firm with a focus on fostering innovation across Africa, has Melanin Kapital with pre-seed funding.
Three African venture capital (VC) fund managers—First Circle Capital, SpeedInvest, and Knife Capital—have been honored with prestigious awards for their exceptional efforts in supporting entrepreneurs and startups across the continent.
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