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Nigeria’s Altschool Raises $1M Pre-Seed To Build An Alternative School For Africans

Feb 01, 2022•over 3 years ago

Amount Raised

$1 Million

Round Type

pre-seed

LagosSoftwareEducation

Description

The demand for software engineers is expected to grow by 22% between 2020 and 2030, according to a report by the U.S. Bureau of Labor Statistics. This figure is larger than the 4% average for other careers.

Company Information

Company

Alt School Africa

Location

Lagos, Lagos State, Nigeria

About

The company (not to be confused with U.S. AltSchool, which is now Altitude Learning) has raised $1 million in pre-seed funding to scale its efforts, said chief executive Adewale Yusuf to TechCrunch. That’s one of the reasons we launched AltSchool because if a lot of people can have marketable skills, then I think we can solve a massive problem in the market.”Participants in its program would need to have a high school certificate and be computer literate, the company specified on its website. Instead, the company may use a subscription model, where students pay between $20-$50 monthly for the duration of their program. The company is also exploring B2B partnerships with private schools in Nigeria and Africa, using AltSchool’s curriculum in their classes. These applications came from 19 countries (including 14 African countries) and Yusuf said the company received the most entries from Nigeria, Ghana, Uganda, Kenya and Botswana.