Edukoya shuts down, citing market challenges despite $3.5M funding
Edukoya secured $3.5 million in seed funding in 2021 but has now closed down. The founder attributed the shutdown to unfavorable market conditions and infrastructure limitations.
EdTech funding decline takes centerstage at Mastercard Foundation conference
EdTech startups in Africa secured only 1.4% of the continent's 2023 VC funding. The lack of funding has led to smaller deal sizes and a dearth of exits.
