AltSchool Africa has raised $1 million in pre-seed funding to address Africa’s shortage of entry-level talent
The round has Nigerian entertainer, Folarin Falana (Falz); Flutterwave Founder, Olugbenga GB Agboola; Paystack Founder Shola Akinlade; Nigerian musician and rapper, Akitoye Balogun (Ajebutter); Pledges, Nestcoin, and ODBA VC, as investors.
The startup will use the funds to focus on content, growth, and building its technology, starting with its learning management system (LMS). Adewale Yusuf (CEO) discloses that the startup will launch its Schools of Product, Data, and Blockchain in Q2 2022.
AltSchool Africa was launched by TalentQL in October 2021 with an aim to provide an education that equips students with skills and a certificate within a year.
This led to a partnership with the Michael and Cecilia Ibru University. Under this partnership, graduates of the programme get a diploma certificate at the end.
The launch of the school for individuals looking to gain technical skills and kickstart a career in Software was very successful and was well-received by the local tech ecosystem, with several individuals paying the application fee for interested participants. That support has resulted in over 8,000 enrollments from over 20 countries, including Nigeria, Ghana, Uganda, and Botswana.
The startup adopts an income-sharing model where students do not have to pay for the tuition until they get a job. However, they have to pay an application fee of $20.
