When it comes to edtech, African companies are leading the way! Zydii, a Kenyan edtech platform, has recently secured a substantial quantity of pre-seed funding. The funds will be used to expand the company’s operations to Nigeria and South Africa.
Dob Equity, a Dutch private equity firm, took the lead in this fundraising initiative. Kua Ventures, a Kenyan investor, and Kaleo Ventures, an African-focused venture capital firm, also participated. In addition, the Nairobi Business Angel Network (NaiBAN), a group of angel investors and Kenyan entrepreneurs, joined forces to support Zydii’s vision.
Zydii was co-founded by the visionary computer scientist Joyce Mbaya. The company’s mission is to reconcile the skills divide in the African labour market and enhance the competencies of the active workforce.
Small and medium-sized enterprises (SMEs) comprise nearly 80% of the workforce in both formal and informal sectors across the African continent. However, these businesses often struggle due to a lack of qualified personnel. Zydii aims to bridge this skills gap by providing employees with essential technical and interpersonal skills.
The newly acquired funding will be used to extend Zydii’s operations to Nigeria and South Africa. According to Mbaya, the ultimate objective is to create a significant impact on the African labour market, thereby empowering businesses and nurturing economic growth.
Zydii is leading the charge towards a more competent and prosperous Africa. With the backing of strategic investors and a clear vision, Zydii is transforming training methodologies and reshaping the landscape of opportunities for individuals and businesses.
