A Nigerian edtech startup, Kibo, has secured a $2 million seed funding led by Neo to expand the platform’s program.
The funding round saw participation from Future Africa, Pledges, Brooklyn Bridge Ventures, Transcend Network and several angel investors.
Kibo’s Chief Executive Officer, Ope Bukola, confirmed the development in a statement on Tuesday, noting that the funding brings the total capital raised to $2.4 million.
Kibo, which is an online school, offers several STEM degree programs targeted at students in Africa.
The STEM-focused online platform was launched in 2021 by Ope Bukola, Keno Omu and Rob Cobb.
Ripples Nigeria gathered that Kibo has offices in several cities across Kenya, Nigeria and Ghana.
Speaking on the new investment, Bukola explained that the latest funding will allow the startup to launch its degree program.
She said: “The primary goal for the seed round is to get the degree program off the ground. We have been doing these short classes, and we’re going to keep doing them and going through the process of applying for accreditation.
“But our primary focus now is bringing in students for our degree programs.”