Education and JobsTech

Moringa School raises pre-series A funding, with plans of launching in Nigeria

Moringa School, a Kenyan Edtech startup, raises undisclosed pre-Series A funding with plans to expand to Nigeria and Ghana.

Moringa School, a Kenyan Edtech startup that helps in developing and nurturing tech talent on the continent through market-aligned skills training, and supporting them to build new career possibilities, has raised a pre-Series A round from Proparco (AFD Group). The funding round will help the Edtech startup to finalize and execute plans of expansion to Ghana and likewise Nigeria.

With Africa’s tech ecosystem continually growing significantly, many young people are keen on gaining tech knowledge. Even within the tech ecosystem, there are gaps with regard to the supply of talent. In an earlier interview with Startup Lagos, Wilfred Ekpo, Co-Founder of Findworka, a platform that helps tech talent get access to relevant jobs, captures succinctly this challenge when he says that there is a huge supply of junior tech talent, but the demand for them is low. Conversely, at the bottom of the ladder, there is but little supply of senior tech talent with a huge widening demand for them.

A key effort that needs to be taken in filling this gap has to be bolstering the supply of talent. This can be achieved not only by teaching coding but by helping coders access ready-on-demand content that would help them grow even faster. Google’s Africa Developer Ecosystem Report 2021 details the growth of the developer ecosystem in Africa by 3.8% in 2021. Of all the countries in Africa, Nigeria’s professional developer population grew the most, adding an estimated 5,000 new professional developers to its pool in 2021.

Moringa School was founded by Audrey Cheng, and aims at democratizing access to tech knowledge on the continent, through its timely and relevant courses for learners on its platform. Earlier in the year, the startup had struck a partnership deal with Flatiron School, one of the top US educational institutions that focus on online and on-campus coding BootCamp training. The announcement was accompanied by a change in leadership to Snehar Shar who took on the reins as CEO of the Edtech startup.

Speaking on the raise, Snehar Shah is quoted as saying,

The investment comes at an exciting time for Moringa as the institution expands to Ghana and Nigeria. We are keen to leverage on this partnership to train many more students using the leading US Bootcamp’s curriculum from Flatiron School. In line with our vision of a world in which anyone can create their future, we welcome the support of Proparco to make our courses available in new markets in Africa.

Prior to this raise, the startup had closed a seed investment by DOB Equity and a $9.5 million funding by the Mastercard Foundation.

According to a statement from the company, Moringa is building on a seed investment by DOB Equity and $9.5 million funding by Mastercard Foundation. Proparco is the lead investor for this pre-Series A, and Francoise Lombard, the CEO of the firm avers,

Supporting the African tech ecosystem is one of Proparco’s key priorities. Through our investment in Moringa, Proparco is proud to support an ambitious Edtech in its expansion in Africa and thus contribute to bridging the skills gap that has been affecting the growth of startups on the African continent.

The company has chosen not to disclose the amount of funding raised for its pre-Series A but ensures that these funds will be pivotal in its commencement of training for software developers in both Ghana and Nigeria. The company has trained over 4,000 students, of which a remarkable 85% of these have been able to secure placements in companies within and outside of Africa.

Launching with Impact Hub Accra and Social Enterprise Ghana, Moringa School is also partnering with Plenty Tech Jobs Nigeria to help in the placement of learners who have successfully completed their programs, in relevant tech jobs both in and outside of the continent.

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