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Enza Capital led an early-stage investment round for Kenyan edtech start-up Craydel. The pre-seed round also attracted Reshaad Sha’s AI investment fund BriteGaze, along with the Future of Learning Fund and two US-based firms Bisk Ventures and Tekton Ventures. This funding will help Craydel upgrade its search and recommendation engine to help make better suggestions in its career match assessment.
Craydel uses AI to transform the way students in Africa discover, compare and apply to higher education institutions
Manish Sardana, John Nguru and Shayne Aman Premji launched Craydel in 2021 with a mission to democratise higher education by providing students access to a variety of courses from universities around the world. The platform has since partnered with more than 90 universities and colleges across Africa and abroad in a bid to deliver on its promise of becoming the most powerful higher education recommendation engine with the largest inventory of quality programmes on the planet.
The free-to-use, web-based platform allows students and professionals to select courses from various universities and compare the costs of those courses. Each journey begins with a psychometric assessment that matches the user with a career path.
To date over 100 institutions are listed on the platform. Investment in higher education in Africa is set to increase dramatically in the coming years with the sub-Saharan Africa sector valuation of $20 billion to rise sharply.
Former Liquid Telecom SA CEO Reshaad Sha launched BriteGaze at the end of 2020 with a view to raising a R500 million investment fund to back AI projects in Africa.
[Correction: In the initial version of this article, we incorrectly included outdated user figures and reported that institutions pay for listings, Craydel does not disclose user numbers and institutions do not pay to be listed. We regret the error.]
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