# PrepClass

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/prepclass

- Industry: Education/Training
- Headquarters: Lagos, Nigeria
- Website: www.prepclass.com.ng
- Total disclosed funding: $0M
- Latest round: Series A (Aug 27, 2018)
- Investors on record: 2

## About

PrepClass, Inc. is an educational technology company dedicated to connecting learners with qualified tutors. Through its comprehensive tutor marketplace, it enhances educational access and engagement across Nigeria.PrepClass, Inc. is an educational technology firm established in 2013, headquartered in Lagos, Nigeria. The company specializes in connecting students with qualified tutors and operates physical learning centers designed to support learners preparing for standardized tests. Founded by Olumide Ogunlana, the company has engaged in a total of four funding deals, with the most recent being in September 2018, where it raised USD 0.3 million in venture funding. This amount represents the total raised since inception.PrepClass provides a robust marketplace that allows users to connect with qualified home tutors for various subjects and educational programs. The company also operates physical learning centers in Lagos, Nigeria, focusing on standardized test preparation for exams like IELTS, GMAT, GRE, SAT, and TOEFL. Catering to a wide demographic from young students to adult learners, PrepClass offers tailored educational solutions that span multiple curricula, ensuring a wide reach across different geographical markets within Nigeria.The revenue model of PrepClass consists of a one-time registration fee for new users, followed by charges based on the number of classes and hours booked. Users engage directly with a database of over 50,000 vetted tutors, facilitating flexible payment options to meet diverse educational needs. The tutor marketplace serves as a primary revenue stream, enabling direct connections between tutors and learners without disclosing specific pricing plans.PrepClass plans to utilize its recent funding of USD 0.3 million raised in September 2018 to enhance its product offerings and expand into new geographical markets. The company is actively developing new educational tools and services aimed at improving the user experience and accessibility of its platform. Targeted expansion efforts will focus on reaching additional regions within Nigeria to broaden its impact and cater to more learners seeking customized educational support.

## Funding rounds

- Series A, Aug 27, 2018 — Rise Capital
- Angel, Feb 21, 2014, $0M — Africa Angels Management Co

## Investors

- Africa Angels Management Co (https://capitalatlas.ai/funds/africa-angels-management-co) — Angel
- Rise Capital (https://capitalatlas.ai/funds/rise-capital) — Series A