Digital insurance company, Casava secures $4 million seed fund to provide affordable services


A technology training school in Nigeria, AltSchool has raised $1 million in pre-seed funding to train more students in technical and software skills training.

The training aims to equip students from different African countries with marketable digital skills to improve the living standards of the people.

king of investors reports that AltSchool is an online school with a program to train non-technical people, equipping them with technical and soft skills. They also partner with higher education institutions to award degrees.

The online technology hub was founded by Adewale Yusuf, the CEO, alongside Akintunde Sultan and Opeyemi Awoyemi.

More than 8,000 people have applied for AltSchool’s software engineering program which starts in April with a fee of ₦10,000, or nearly $20. These nominations came from 19 countries (including 14 African countries) with most nominations from Nigeria, Ghana, Uganda, Kenya and Botswana.

Giving highlights of the program, Yusuf said applicants will be provided with a home study kit in preparation for an assessment test.

He continued, “Those admitted to the school, achieving a passing grade of 85%, will take a software engineering course with three streams: frontend engineering, backend engineering, and cloud engineering. In the one-year program, students take classes for nine months – three semesters, followed by a three-month internship at local tech companies to gain experience.

“Those who are not admitted to his program are not left out. AltSchool gives them access to the platform’s first semester content for free and to practice. If they stick to completing the three-month program, AltSchool will provide them with ways to complete the entire nine-month program.

Explaining the essence of the training, Yusuf noted that the AltSchool is meant to boost the economy by providing useful technical skills to students, regardless of their qualifications.

He said: “You might need a BSc if you want to be a doctor or a nurse and some of those other skills. But when it comes to being a software engineer or digital skills, it really isn’t.

“We need to find a shortcut for people, allowing them to earn money, support their families and add value to the economy. That’s one of the reasons we started AltSchool because if a lot of people can have marketable skills, then I think we can solve a huge problem in the market.

The CEO further revealed that AltSchool will use the funds raised “to develop its content and curriculum, technology infrastructure and community concept, where students will meet offline to network and learn together.”

With Nigeria’s large population and rising unemployment rate among the large number of graduates who are thrown every year, Yusuf expressed optimism that his training center’s digital skills will go a long way in improving the situation. .

He added that the traditional school system is insufficient to secure decent jobs for university graduates.

king of investors recalls that in 2020, the CEO with his team embarked on the construction of a physical campus to train software engineers and open them up to international opportunities. He consulted with key stakeholders and sought help from higher education institutions, but it didn’t work out as expected.

After much research, Yusuf decided to take a distance-centric approach to bringing his idea and goals to fruition.

The AltSchool team leverages Techstars-backed sister company TalentQL, launching products like Pipeline, to train mid-level engineers to become senior engineers. The company is also working on B2B partnerships with private schools in Nigeria and Africa, using AltSchool’s curriculum in their classrooms.


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