Nigerian startup Edves secures $120k funding from Chinook Capital, CcHub fund

Lagos-based edtech startup Edves has announced that it has secured a $120 000 seed round from two Nigerian investors: Chinook Capital and Co-creation Hub’s (CcHub) innovation fund Growth Capital.

The startup, which was founded in 2016 by CEO Dimeji Falana (pictured above) and COO Dare Adebayo, announced the investment in a post on Twitter last Friday (2 November).

The startup has developed school management software that is helping over 340 schools deal with admissions, payments, report cards, elearning and parent-teacher communication, among other things.

Edves was founded in 2016 by CEO Dimeji Falana and COO Dare Adebayo

Earlier this year, Edves won the Transforming Education Prize at the 2018 Seedstars World Summit in Lausanne, Switzerland. Business information platform Crunchbase estimates that prior to this investment, the startup secured two grants worth a total of $71 ooo from Seedstars.

We are happy to announce our 1st Seed Round Investment of $120k USD from @nextgenfund and @chinookNG. We are excited to work with these great ventures because of their agape Love for Education, depth in Emerging Economy & the strong teams they have built CC @Cc_HUB @bosuntijani

— Edves (@EdvesSuite) November 2, 2018

Featured image: Edves CEO and co-founder Dimeji Falana (Dimeji Falana via Facebook)