The African startup economy is growing faster than the global economy. Last year, various African startups celebrated wins displayed in dollar signs. There was a slew of high-performing investment rounds which included uLesson ($15M), Metro Africa Xpress Inc. ($31M), and MFS Africa ($100M). We could certainly go on but those numbers are proof that African startups are growing at a rate we have not seen before. According to a LinkedIn posting by Founders Factory Africa’s Accelerator Lead Nicole Dunn, it was said that African startups raised $1 million every two hours in 2021 with a total of $4.9 billion invested in African startups. Now more than ever, investments are soaring in Africa. Here is why.

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...