Tade Oyerinde’s Campuswire Secures $46Million Funding to Revolutionize Higher Education in the United States.
Photo credits: Forbes
In a significant milestone for the African tech ecosystem, Nigerian-born entrepreneur Tade Oyerinde’s innovative education startup, Campuswire, has successfully raised $46 million in funding. This investment will further propel Campuswire’s mission to transform higher education accessibility and affordability in the United States.
The Campuswire Vision
Founded in 2016 by Oyerinde, Campuswire offers a comprehensive tech platform designed specifically for higher education institutions. The platform seamlessly hosts discussion forums, real-time online instruction, assignments, grading, and text messaging between students and instructors. Campuswire’s innovative approach has already gained traction, with instructors at over 300 schools utilizing the platform, up from 100 in January 2020.
Overcoming Challenges and Achieving Success
Oyerinde’s journey to success was not without its challenges. As the son of Nigerian immigrants, he grew up in Atlanta, where he was homeschooled before attending public high school. He later studied aerospace engineering at the University of Leeds in the U.K. Despite the obstacles, Oyerinde persevered, driven by his passion for education and technology.
The Pandemic’s Unexpected Impact
When the COVID-19 pandemic struck in 2020, Campuswire experienced a significant surge in demand. As educational institutions scrambled to adapt to online learning, Campuswire’s platform proved to be a vital solution. Oyerinde’s foresight and innovative approach had inadvertently positioned Campuswire for success in the face of adversity.
A Bright Future for Education
With this substantial funding injection, Campuswire is poised to revolutionize the higher education landscape. As Oyerinde noted, “In America, we should have elite education for everyone – everyone should be able to learn from the top professors in the country, develop useful skills, and then go on to use those skills to create a great life for themselves.”
Key Takeaways:
- Nigerian-born entrepreneur Tade Oyerinde’s Campuswire raises $46 million in funding.
- Campuswire offers a comprehensive tech platform for higher education institutions.
- The platform hosts discussion forums, real-time online instruction, assignments, grading, and text messaging.
- Instructors at over 300 schools are using Campuswire, up from 100 in January 2020.
- Oyerinde has raised $3.6 million in investment capital prior to the latest funding round.
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