Africa-Focused Online School Raises $2M In Seed Funding
The online technology platform, Kibo School, known for providing online degrees for students across Africa, has raised $2 million in seed funding. The funding round, which venture capital firm Neo led, included African investment company Future Africa, Brooklyn Bridge Ventures, and Transcends Ventures. In addition, a range of different angel investors also participated in the seed funding round.
Kibo School, co-founded by Ope Bukola in 2021, aims to provide affordable and high-quality programs for anyone interested in building a career in tech. The curriculum, based on the Human Skills Matrix, aids students with the tools and knowledge needed to build a foundation for the jobs they want to pursue in the future. The entirely online program is on the road to making Africa the hub for young technologists by providing an alternative for students who may not have access to traditional higher education.
“We’re living in an age of transformation, and technology is changing how we live, learn, and work. The leaders of the future will be those who harness new technologies,” said Bukola, CEO of Kibo School of Technology, in an online statement.
“Sadly, too many brilliant people are locked out of education opportunities to participate in the coming technology revolution. Kibo is going to change that. We believe everyone deserves access to the skills and network to thrive. We’re rethinking higher education to deliver economic and social prosperity to people everywhere.”
The African-focused school, which has gone on to train 400 students in over ten countries across the African continent, plans to use the seed funding to welcome more students to their degree program. The school aims to expand the programs they offer by 2023.