Nigerian-born entrepreneur Tade Oyerinde has raised $46 million in Series B funding for Campus, his innovative community college startup aimed at making higher education more affordable in the U.S.. The funding, announced on March 20 and led by General Catalyst, pushes the company’s total investment past $100 million, positioning it as a key player in education technology.
A New Model for Higher Learning
Founded in 2022, Campus offers live online courses leading to two-year associate degrees and industry certifications in fields like business administration, medical assisting, and applied artificial intelligence. Unlike traditional colleges, which charge between $11,000 and $43,000 per year, Campus keeps tuition at $7,200, an amount that can be fully covered by Pell Grants.
With student loan debt in the U.S. nearing $1.8 trillion, Campus presents a cost-effective alternative at a time when rising education expenses are under scrutiny. Investor Sam Altman, who co-led a $29 million funding round for Campus in 2023, has highlighted the financial challenges facing traditional institutions, making this model particularly relevant.
Quality Education from Elite Professors
Campus isn’t just about affordability—it also prioritises quality. The platform employs over 100 professors, many from top universities like Princeton, Stanford, and Howard. Students benefit from these educators while working toward degrees that can either lead directly to jobs or be transferred to four-year universities like NYU, Penn State, and UC San Diego.
Ken Chenault, chairman of General Catalyst, has praised Campus for blending traditional academic standards with modern technology, ensuring students gain skills relevant to today’s job market.
I am passionate about crafting stories, vibing to good music (and making some too), debating Nigeria’s political future like it’s the World Cup, and finding the perfect quiet spot to work and unwind.
At the GITEX Africa 2025 summit, Nigeria’s tech policy chief, Kashifu Inuwa, took the spotlight, urging the global tech ecosystem to keep AI development grounded in human values. Representing the National Information Technology Development Agency (NITDA), Inuwa joined global industry players to unpack how artificial intelligence is reshaping businesses across the world. During a panel […]
The West African Examinations Council (WAEC) has introduced the first computer-based WASSCE for school candidates in Nigeria. WAEC announced the major shift during a press briefing at its national office in Yaba, Lagos, on Thursday. Dr. Amos Dangut, Head of WAEC Nigeria, said the council is fully prepared to conduct the 2025 exam using digital […]
This marks the seventh edition of the accelerator, open to Seed to Series A startups that have at least one founder of African descent, a live product in market, and a responsible approach to AI innovation.
Vendease CEO and co-founder Tunde Kara confirmed the exit, stating the business had recovered its investment in Ghana within six months.
The new PoS system comes with a range of advanced features, including real-time monitoring, instant settlements, pay-by-link options, and a 100% transaction success rate. It’s also been optimised to suit businesses of all sizes, giving merchants a more reliable and efficient way to manage their payments without disruption.
South African EV startup Zimi has received $320,000 (R6 million) to explore vehicle-to-grid (V2G) charging technology. The Energy and Environment Partnership (EEP) Africa Trust Fund awarded the funding for this innovative energy project. V2G allows electric vehicles to return power to homes, offices, or the national grid during electricity shortages. Notably, EEP Africa selected Zimi […]
The Central Bank of Kenya (CBK) will start issuing licenses to new banks again from July 1, 2025. This move ends a ban that had been in place since November 17, 2015. CBK paused new bank licenses in 2015 to fix governance, management, and operational problems in the banking sector. The goal was to make […]
According to the letter, the licence comes with strict conditions, and the regulator made it clear that Ascensia—like all financial institutions—must operate within the provisions of the CBN Act of 2007, the Banks and Other Financial Institutions Act (BOFIA) of 2020, and all related regulations issued by the bank.
The Nigerian House of Representatives has ordered Remita, a payment platform, to refund ₦182.77 billion to the federal government. This amount covers transaction leakages from the Treasury Single Account (TSA) system since 2015. The Public Accounts Committee (PAC) of the House gave the order after a detailed forensic audit. Seyi Katola & Company, a firm […]
TikTok has launched a new feature called Footnotes to help users better understand the videos they watch. The company is testing the feature in the United States. With Footnotes, users can now add helpful information to videos. TikTok says this will give people more context, especially when content includes complex topics or current events. TikTok […]
At the GITEX Africa 2025 summit, Nigeria’s tech policy chief, Kashifu Inuwa, took the spotlight, urging the global tech ecosystem to keep AI development grounded in human values. Representing the National Information Technology Development Agency (NITDA), Inuwa joined global industry players to unpack how artificial intelligence is reshaping businesses across the world. During a panel […]
The West African Examinations Council (WAEC) has introduced the first computer-based WASSCE for school candidates in Nigeria. WAEC announced the major shift during a press briefing at its national office in Yaba, Lagos, on Thursday. Dr. Amos Dangut, Head of WAEC Nigeria, said the council is fully prepared to conduct the 2025 exam using digital […]
This marks the seventh edition of the accelerator, open to Seed to Series A startups that have at least one founder of African descent, a live product in market, and a responsible approach to AI innovation.
Vendease CEO and co-founder Tunde Kara confirmed the exit, stating the business had recovered its investment in Ghana within six months.
The new PoS system comes with a range of advanced features, including real-time monitoring, instant settlements, pay-by-link options, and a 100% transaction success rate. It’s also been optimised to suit businesses of all sizes, giving merchants a more reliable and efficient way to manage their payments without disruption.
South African EV startup Zimi has received $320,000 (R6 million) to explore vehicle-to-grid (V2G) charging technology. The Energy and Environment Partnership (EEP) Africa Trust Fund awarded the funding for this innovative energy project. V2G allows electric vehicles to return power to homes, offices, or the national grid during electricity shortages. Notably, EEP Africa selected Zimi […]
The Central Bank of Kenya (CBK) will start issuing licenses to new banks again from July 1, 2025. This move ends a ban that had been in place since November 17, 2015. CBK paused new bank licenses in 2015 to fix governance, management, and operational problems in the banking sector. The goal was to make […]
According to the letter, the licence comes with strict conditions, and the regulator made it clear that Ascensia—like all financial institutions—must operate within the provisions of the CBN Act of 2007, the Banks and Other Financial Institutions Act (BOFIA) of 2020, and all related regulations issued by the bank.
The Nigerian House of Representatives has ordered Remita, a payment platform, to refund ₦182.77 billion to the federal government. This amount covers transaction leakages from the Treasury Single Account (TSA) system since 2015. The Public Accounts Committee (PAC) of the House gave the order after a detailed forensic audit. Seyi Katola & Company, a firm […]
TikTok has launched a new feature called Footnotes to help users better understand the videos they watch. The company is testing the feature in the United States. With Footnotes, users can now add helpful information to videos. TikTok says this will give people more context, especially when content includes complex topics or current events. TikTok […]
Strive for tech news and insights? Subscribe to our newsletter and stay up-to-date with the latest tech trends, expert insights, and exclusive content.
Start your perfect news blog or magazine with Caards, the premium WordPress theme you've been looking for.
Error: No feed found.
Please go to the Instagram Feed settings page to create a feed.
© 2022. All rights reserved by Axilthemes.
2 replies on “Nigerian EdTech Founder Secures $46M to Disrupt U.S. Higher Education”
[…] a strategic potential for Jiji, which operates in seven African countries: Ethiopia, Ghana, Kenya, Nigeria, Tanzania, Uganda, and Senegal. The South Asian nation has a favorable environment for growth, with […]
[…] its space regulation and licensing mandate, backed by an N20 billion take-off fund approved by Nigerian President Bola […]