Ghana Angel Investor Network Seed-Funds Edutech Startup With $110,000

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ENTERPRISE54 – Ghana Angel Investor Network (GAIN) recently made their first investment of GHS 350,000 ($110,000) in Revo a local Edutech startup providing solutions for the education sector. Revo Technology Solutions Ghana Ltd received the seed-fund following a pitch session for funding to promote their latest product the iLearn.

The iLearn is a tablet loaded with custom content for JHS and SHS including the GES and WAEC approved syllabus textbooks and the PASSCO application, full of PAST QUESTIONS AND SOLUTIONS for all subjects from 1990 to 2013. This application allows the student to practice past questions as many times as they want and get instant results or grades shown plus other helpful analysis. The tablet also contains storybooks from great publishers to improve students’ reading capabilities and also help improve their English language and knowledge base. iLearn also has brain teaser tests and games for educative fun.

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iLearn’s eBook Reader

Revo, eponymously named after one of its cofounders Revo Archibald Annan, also offers an E-Learning platform for teachers to post class notes online where students can have 24-hour access from any desktop, laptop or mobile device with parental monitoring support.

Following the investment, the founders are still working closely with the team at GAIN and the Angel investors and will continue to do so for at least 12 months. Leticia Browne, in charge of Investor Relations at GAIN, said that this is one of the key benefits of working with GAIN as through the GAIN network, entrepreneurs can tap into a wealth of resources via the pool of investors and mentors who are dedicated to assist in building innovative and sustainable businesses.

GAIN, a network of high net worth entrepreneurs, was established by the Venture Capital Trust Fund (VCTF) to bridge the funding and mentorship gap for very early-stage companies. GAIN launched with only 6 founding members and today has an impressive network of 24 investors, with a keen interest in startups. The GAIN network is diverse with investors having interests in sectors such as technology, agriculture, education and healthcare.

 

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I believe Africa's entrepreneurship stories must be told!

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