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Ethiopian Edtech Startup Gebeya Closes $2 Mn in Seed Funding

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Via onlinemarketplaces.com

Ethiopian-based Pan-African online marketplace company and startup in the edtech field Gebeya has announced its newly received investment of $2-million in seed funding in a round co-led by Partech and Orange Digital Ventures. This funding is also followed by Consonance Investment Managers.

Gebeya, which was headquartered in Addis Ababa and has a presence in Senegal, Kenya, and the US, made the official announcement last Thursday, 6 February 2020,  in a post published on LinkedIn.

The startup trains people interested people in mobile app engineering, front-end and back-end app engineering, blockchain, AI, IoT, and UI/UX, among others. Additionally, recommendations are also made based on the trainee’s capabilities.

Founded in 2016 by Amadou Daffe and Hiruy Amanuel, the edtech startup said that it has graduated more than 600 tech talents. The amount is more than a third of whom have been matched with startups across Africa and the world.

The startup said that it plans to scale up its training and marketplace services in Francophone Africa. It also plans to use this investment to launch its online African talent marketplace as well.

The International Finance Corporation (IFC) granted $500,000 in funding to Gebeya to provide scholarships to aspiring female software engineers last year.

In the same blog post, Gebeya also mentioned that the company plans to train a total of 250 aspiring female software engineers.

Regarding the newly deployed investment and the opportunity they saw, Tidjane Deme, General Partner at Partech Africa said in an statement, “At Partech Africa, we’ve been watching this space closely and we believe there is a large opportunity to address unmet demand and create value for the growing pool of African talent on the global stage.

“With Gebeya’s model and the team’s dedication to this challenge and the amazing progress they’ve made so far, we are really excited to join them in the next stage,” Deme concluded.

Source: ventureburn.com, techpoint.africa

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