Tekedia Capital Acquires Quizac, Transforming Gamified Learning into a New Growth Avenue for Edtech

Tekedia Capital Acquires Quizac, Transforming Gamified Learning into a New Growth Avenue for Edtech
Image credit: Disrupt Africa 

In a surprising development, Tekedia Capital, a diverse investment syndicate, has acquired Quizac, an edtech startup originally set to close its operations this month. Although the financial terms of the acquisition remain undisclosed, both parties confirmed the swift nature of the deal, which was finalized in under a week.

A Swift and Strategic Move

The acquisition was completed in record time, with discussions and negotiations wrapping up in just under a week, as confirmed by Tade Samson, one of Quizac's founders. This rapid pace reflects both the urgency of Quizac's situation and the strategic fit within Tekedia Capital's broader vision.

Quizac's Journey from Startup to Acquisition

Founded in 2019 by Tade Samson, Tobi Awogbemi, Hussein Alayo, and Babatunde Caleb, Quizac initially focused on creating gamified learning content for African students, leveraging a network of contributors. In 2021, the company expanded its services to include corporate training solutions, aimed at improving employee learning and development. Despite attracting nearly 13,000 users, Quizac struggled with monetization, and although it eventually identified corporate clients as a more profitable segment, it was too late to sustain operations, leading to the decision to shut down.

Tekedia Capital’s Vision for Quizac

Tekedia Capital, known for investing in startups like OurPass, Mecho Autotech, and Vetifly, plans to integrate Quizac's technology into its platform. The syndicate also offers several training programs, including the Tekedia Mini MBA. By acquiring Quizac, Tekedia Capital aims to enhance its educational offerings by embedding gamified learning into its core engine, providing learners with an immersive experience.

A statement from Tekedia Capital highlighted the vision behind the acquisition: "We will integrate Quizac technology into Tekedia's core platform, offering an immersive learning experience that gamifies the pursuit of entrepreneurial capitalism and the mastery of market dynamics within the framework of people, processes, and tools powered by knowledge, capital, and risk-taking."

Quizac Founders Exit, Team Stays for Transition

Following the acquisition, Quizac's founding team will step down, although the operational team will remain to assist with the transition. Tade Samson, reflecting on the acquisition, stated, "They say all good things must come to an end, but for Quizac, this marks a new beginning. I am pleased to announce that Tekedia Capital has acquired Quizac. With this acquisition, I am confident that Quizac will not only continue its mission but also expand into broader markets, transforming learning beyond Africa."

Conclusion

The acquisition of Quizac by Tekedia Capital breathes new life into the edtech startup, enabling it to continue its mission within a larger ecosystem. With the integration into Tekedia's platform, Quizac is poised to expand its reach and impact, helping to revolutionize learning through gamification.