Quizac, an African edtech startup, is shutting down in August 2024, resulting in the layoff of its entire team. The company, which built a gamified learning platform for children, had gained traction with over 12,000 learners at its peak. The shutdown follows a challenging journey where the founders previously turned down a $250,000 investment offer. Operating in the competitive edtech industry, Quizac struggled to achieve sustainable growth despite addressing significant educational gaps in Sub-Saharan Africa. The closure highlights the difficulties faced by early-stage startups in securing long-term viability, even with innovative products.
