Nigerian educational and learning technology platform, uLesson announced today that it has closed a $7.5m Series A round.
US-based Owl Ventures led the financing round. The VC fund is the largest fund focused on the world’s edtech market, with over $1.2 billion in assets under management.
Existing investors, TLcom Capital the lead investor in uLesson’s $3.1m seed round and Founder Collective also participated, with LocalGlobe joining as a first-time investor.
That said, the managing director of Owl Ventures, Tory Patterson, joins the uLesson board. There, he sits alongside TLcom partners, Omobola Johnson and Ido Sum who joined two years ago.
And his mother Cherie is a highly-paid lawyer with an impressive property portfolio.
But Euan Blair is set to leave them both in his wake after his share in an education start-up company was valued at almost £70million.
The 37-year-old investment banker-turned-entrepreneur, the Blairs’ eldest son famously arrested aged 16 for being drunk and incapable as he celebrated the end of his GCSE exams, founded Multiverse to offer young people an alternative to university.
Yesterday the company, which until now has been called WhiteHat, revealed it had secured £32million from investors, who have valued it at a reported $200million (£147million).
Euan is not the only successful Blair child, with all of them millionaires through property alone after their parents gave them a leg up on to the property ladder.