- UAE-based enterprise capital agency Global Ventures has led a $10.eight million pre-Series A funding spherical for US-based digital college Nexford University.
- The spherical noticed participation from Future Africa’s new thematic fund targeted on schooling, angel buyers, household places of work and VCs from 10 nations together with the US, UK, France, Dubai, Switzerland, Qatar, Nigeria, Egypt and Saudi Arabia.
- Launched by Fadl Al Tarzi in 2019, Nexford college was based with the goal to offer equal studying alternatives for folks internationally regardless of bodily location.
- Nexford will use the funding to gasoline its regional enlargement notably in Asia, proceed constructing merchandise to upskill learners and develop its B2B choices.
Nexford University (“the Company”), a next-generation on-line college primarily based inWashington D.C., publicizes the profitable completion of a $10.eight million Pre-Series A funding spherical. Thecapital elevate was led by Global Ventures, the UAE-based enterprise capital agency. Participating buyers included Future Africa’s new thematic fund targeted on schooling, which is led byIyinoluwa Aboyeji, the co-founder of Flutterwave and Andela, plus angel buyers, household places of work and VCsfrom 10 nations together with the US, UK, France, Dubai, Switzerland, Qatar, Nigeria, Egypt and SaudiArabia.
The world investor base displays Nexford’s ambition to construct an American college – designed for a world viewers.Nexford is a tech-enabled on-line college. It was based on two beliefs: a scarcity of schooling is the basis explanation for most world challenges; and folks ought to have the ability to entry financial alternatives regardless of bodily location.
From inception, the Company’s founders’ imaginative and prescient was of a world shifting in the direction of a digital expertise grid. As web connectivity will increase worldwide, the one barrier to accessing financial alternative ought to be expert. The proper abilities ought to present entry to this expertise grid.
Nexford will use proceeds to gasoline its regional enlargement plans notably in Asia, proceed constructing merchandise to ship abilities employers are in search of, and develop its B2B choices. With employer funded schooling already accounting for a big proportion of Nexford’s income, the college goals to develop its providing to fulfill rising wants for re-skilling and up-skilling in a submit pandemic office.
Launched in 2019, Nexford’s revenues in 2020 grew by 300%, with learners enrolling from over 65nations. Nexford additionally has blue-chip partnerships with Microsoft, LinkedIn Learning and IBM to offer entry to instruments, programs and programmes to counterpoint the training expertise.
Nexford’s curriculum is alsospecifically designed to match employers’ wants with its graduates’ abilities.The Company leverages machine studying and Artificial Intelligence to create a knowledge and skills-drivencurriculum. Access to Nexford’s high quality, but reasonably priced schooling, empowers learners with these skillswhich may be deployed instantly, serving to to handle world unemployment.Nexford’s accredited levels value c. $3-4k paid in month-to-month instalments.
Learners select once they research, have entry to 24/7 assist, and graduate at their very own chosen velocity. The month-to-month instalment construction means the quicker a learner graduates, the much less they pay.
In Nexford’s newest learner survey, 98% stated they might advocate Nexford to others and 95% stated they gained beneficial office abilities.