About Edves
Edves is a company based in Lagos (Nigeria) founded in 2015 by Dare Adebayo and Dimeji Falana.. Edves has raised $2.59 million across 4 funding rounds from investors including Beta.Ventures, Launch Africa and Chinook Capital. Edves offers products and services including EDVES Portal, PQ By EDVES, PL By EDVES, and EDVES Keypoint. Edves operates in a competitive market with competitors including PowerSchool, Brightwheel, Anthology, GoGuardian and LEAD School, among others.
- Headquarter Lagos, Nigeria
- Founders Dare Adebayo, Dimeji Falana
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Sectors
TechnologyEducation
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Edves Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.59 M (USD)
in 4 rounds
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Latest Funding Round
$1.4 M (USD), Series A
Nov 11, 2023
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Investors
Beta.Ventures
& 4 more
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Employee Count
Employee Count
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Products & Services of Edves
Edves offers a comprehensive portfolio of products and services, including EDVES Portal, PQ By EDVES, PL By EDVES, and EDVES Keypoint. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for managing school administration and learning activities
Provides practice questions from major examination bodies
Supports virtual schools and online education delivery
Delivers bite-sized content via SMS for easy access
Unlock access to complete
Funding Insights of Edves
Edves has successfully raised a total of $2.59M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $1.4 million completed in November 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $1.4M
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First Round
First Round
(05 Nov 2018)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Series A - Edves | Valuation |
investors |
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| Sep, 2021 | Amount | Seed - Edves | Valuation | Beta.Ventures | |
| Oct, 2020 | Amount | Seed - Edves | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Edves
Edves has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Beta.Ventures, Launch Africa and Chinook Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Venture capital fund focused on tech companies
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Founded Year | Domain | Location | |
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Chinook Capital is engaged in startup investment and acceleration.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Edves
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Edves
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Edves Comparisons
Competitors of Edves
Edves operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as PowerSchool, Brightwheel, Anthology, GoGuardian and LEAD School, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based software for K-12 education is provided.
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| domain | founded_year | HQ Location |
Online platform for preschool management and parent updates is offered.
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| domain | founded_year | HQ Location |
LMS and CRM solutions are provided for educational institutions.
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| domain | founded_year | HQ Location |
School devices and student activities are monitored via AI platform.
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| domain | founded_year | HQ Location |
Integrated edtech systems are provided for K-12 schools.
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| domain | founded_year | HQ Location |
SaaS-based platform offering management solutions for schools
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Edves
Frequently Asked Questions about Edves
When was Edves founded?
Edves was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is Edves located?
Edves is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Who is the current CEO of Edves?
Dimeji Falana is the current CEO of Edves. They have also founded this company.
Is Edves a funded company?
Edves is a funded company, having raised a total of $2.59M across 4 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on Nov 05, 2018.
What does Edves do?
Edves was founded in 2015 in Lagos, Nigeria, as an integrated management platform for K-12 schools. Operational activities are streamlined through automation of processes such as pupil registration, class management, attendance tracking, and result computation. The platform supports overall school administration in the education sector, with services focused on enhancing efficiency for educational institutions across Nigeria.
Who are the top competitors of Edves?
Edves's top competitors include PowerSchool, Brightwheel and LEAD School.
What products or services does Edves offer?
Edves offers EDVES Portal, PQ By EDVES, PL By EDVES, and EDVES Keypoint.
Who are Edves's investors?
Edves has 5 investors. Key investors include Beta.Ventures, Launch Africa, Chinook Capital, Future Africa, and Growth Capital Fund.