Kenyan EdTech Kidato has raised US$1.4 million seed investment to scale its online platform for K-12 students in Africa.
The investors who participated in this round are Learn Start Capital, Launch Africa Ventures Fund, Graph Ventures and Century Oak Capital, among other notable local and global angel investors.
Founded in 2020 by Sam Gichuru, Kidato is an online school for K-12 kids with a vision is to provide a high-quality, affordable education to the growing middle class in Africa.
Parents in Africa face either public schools with student-teacher ratios as high as 50:1 or private schools with tuition fees as high as US$7,500 per year, per child. Kidato classes have student-teacher ratios of 5:1 and teach the same rigorous international curriculum as other private schools – but at a fraction of the price.
With the COVID-19 pandemic, it has become obvious that the quality of education does not have to be expensive and the main asset in offering quality education is not the buildings, buses, theatres and well-trimmed soccer pitches, it’s the quality and passion of teachers, according to Sam Gichuru, the Founder and CEO.
Kidato which was recently accepted into the Silicon Valley-based accelerator Y Combinator, banking US$125,000 in funding will use the seed financing for growth and product development as it hopes to replace brick-and-mortar schools.
Kidato has over 700 registered students from 8 countries including Canada, Kenya, Malawi, Switzerland, Tanzania, UK, United States, and UAE enrolled in different classes, such as coding, chess, languages, art and music with each student paying US$5 per lesson. The platform currently has over 300 tutors and a waiting list of 3, 000 teachers ready to join the platform.