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Aligned with some major growth plans, New York-based ExecOnline closed a $45 million Series D funding round. Co-founded in 2012 by Stephen Bailey, Mark Ozer, Barry Goldberg, and Julia Alexander, ExecOnline provides executive education programs and training solutions certified by educational institutions. The company partners with business schools around the world to bring democratized access to leadership development at large companies. “We feel like we have a differentiated and compelling story having pioneered this space,” The company’s CEO Bailey told AfroTech in an interview. “We hopefully want to create awareness that there is a new way to develop leaders that can create much more equity outcomes at organizations.” This latest funding round was led by OMERS Growth Equity with participation from previous investors including Kaplan, Osage Ventures, NewSpring and ABS Capital Partners. ExecOnline plans to use the Series D to further develop its online platform, expand its...
uLesson — a Nigerian-based edtech startup — announced this week that it raised a $7.5 million Series A funding round for its online learning platform making remote teaching easier for students. Through both streamings and the use of SD cards, uLesson — the self-proclaimed No. 1 learning app — is able to minimize data and streaming costs in an effort to bridge the education gap within Nigeria and Africa as a whole, Tech in Africa reports. According to TechCrunch, this funding round was led by Owl Ventures — the largest venture capital fund in the world focused on the education technology market — along with other participants such as LocalGlobe and existing investors, TLcom Capital and Founder Collective. This new financing arrives just little over a year after uLesson closed its initial $3.1 million seed round back in November 2019. Since then, the company’s value proposition has increased largely due to the impact of the coronavirus pandemic on the world’s education systems. Just...