4 African startups that shutdown in Q1 2025
African tech startups secured $780 million in funding in the first half of 2024, a 57% decrease from 2023. 54gene, a Nigerian genomics company, and Sendy, a Kenyan logistics startup, shut down due to funding problems.
Nigerian Edtech Gradely names Adebayo Alomaja as Deputy CEO
Adebayo Alomaja has been appointed as Deputy CEO of Gradely. Alomaja has significantly contributed to Gradely's international tutoring business, achieving six-figure annual recurring revenue.
How high inflation, low income stall growth for Nigerian edtech startups
Edukoya secured $3.5 million in funding in 2021 to enhance its technology and expand its business. Edukoya shut down core operations in February 2025 due to low disposable income and macroeconomic conditions.
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.
Top 7 EdTech Startups for Digital Skills in Africa
230 million jobs in Sub-Saharan Africa will require digital skills by 2030. Only 2% of the workforce in Africa currently possesses digital skills.
