Nigerian edtech Klas raises $1m in pre-seed round to scale globally
TLDR
- Nigerian online teaching platform, Klas, secures $1 million in pre-seed funding
- Klas facilitates the creation and sale of ebooks, courses, and live classes
- With aspirations to empower up to 100,000 online schools globally by 2027, Klas offers a free plan with a 5% transaction fee
Nigerian online teaching platform Klas has secured $1 million in pre-seed funding, with Ingressive Capital leading the investment round, along with participation from Techstars, HoaQ Capital, and various angel investors. Established in 2022, Klas facilitates the creation and sale of ebooks, courses, and live classes.
The platform offers a comprehensive range of class features, including scheduling, payments, community tools, analytics, and video conferencing. It covers diverse subjects spanning coding, design, finance, art, and languages.
With aspirations to empower up to 100,000 online schools globally by 2027, Klas currently offers a free plan with a 5% transaction fee. Despite positioning itself as a cost-effective alternative to platforms like Kajabi and Thinkific (with prices ranging from $49 to $399), Klas may adjust its pricing strategy in the future to enhance revenue generation.
Key Takeaways
Since the COVID-19 pandemic began, nearly all face-to-face interactions in different fields, from learning and grocery shopping to even attending events, have shifted to online platforms. Almost 60% of Africa’s population is under the age of 25 while the continent has an average literacy rate of 70%, lagging behind other parts of the world. These conditions indicate the region is ripe for disruptions in education, and many tech startups like Klas (which calls itself “Shopify for online learning”) have emerged to capture this opportunity with backing from international investors too. Klas is part of the burgeoning edtech landscape in Nigeria, joining other key players such as ULesson, Edukoya, Utiva, and Alt School in leveraging technology to transform education.
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