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Wednesday, February 26, 2025

$3.5m Nigerian tech startup ceases operation, returns capital to investors

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After three years in operation, Nigerian education technology startup Edukoya has ended operations, saying poor infrastructure and economic challenges made it impossible to scale. The startup which secured Africa’s largest pre-seed funding of $3.5 million in 2021, said it will return capital to investors rather than persist in what it described as an unsustainable market

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