Moringa School Receives Pre-Series Funding

Moringa School has received an investment from Proparco to support its expansion outside Kenya. This builds on the seed investment by DOB Equity and $9.5 million funding by Mastercard Foundation.

This has seen the tech-based learning institution start to train software engineers in Ghana and soon Nigeria with a plan to scale to other African countries within the next 12 months. Moringa has been training high school/university graduates to be software engineers and data scientists for the past 7 years in Kenya and has trained over 4,000 students with an employment rate of over 85%.

The investment comes after Moringa has just agreed to a curriculum licensing deal with the world’s leading coding boot camp, Flatiron School, and achieving ISO 9001:2015 certification. The stage is now set for Moringa to play a significant role in developing African tech talent and connecting it to purposeful and significant earning opportunities whether full-time jobs, the gig economy, or becoming entrepreneurs.

Moringa provides access for all to the training and network needed to participate in this tech revolution if they can demonstrate they have the aptitude and mindset required to succeed. This is part of the company’s mission to build talent and opportunities through tech-based learning experiences.

Moringa and Plenty Tech Jobs Nigeria have entered into a market entry partnership that will see Moringa become a key provider of tech talent for the Nigerian workforce. Plenty Tech Jobs is a leading platform for finding the best technology job and remote gigs and remote gigs in Nigeria. This follows Moringa’s recent launches with Impact Hub and Social Enterprise Ghana.

The investment from Proparco will aid Moringa to prepare for Series A funding in 2023. Apart from International expansion outside Kenya, the funding from Proparco will also facilitate the broadening of the range of courses offered by Moringa. Currently, the institution offers Software Engineering, Data Science, and Soft Skills courses with plans to offer courses in UI/UX design in the near future.

According to Snehar Shah, Moringa’s CEO “The investment comes at an exciting time for Moringa as the institution expands to Ghana and Nigeria. We are keen to leverage this partnership to train many more students using the leading US Bootcamp curriculum from Flatiron School. In line with our vision of a world in which anyone can create their future, we welcome the support of Proparco to make our courses available in new markets in Africa.”