Egyptian Edtech Startup Educatly Raises $1 Million Pre-Seed Round
With its newly acquired funds, Educatly looks to develop its product, bring on more team members, and scale its marketing and sales operations.
Egyptian edtech startup Educatlyhas just closed a $1 million pre-seed funding round led by Enterprise Ireland and Falak Startups, as well as other angel investors. Launched in 2020, Educatly is a digital platform that allows students to search through over 120,000 higher education opportunities globally. Doing for education what Linkedin does for jobs, the startup uses technology to connect educational stakeholders in a seamless digital environment.
Within the framework of the growing edtech ecosystem, Egypt’s edtech startups have observed a 26 percent year over year growth in funding and an overall 240 percent growth in funding since 2018.
Since their launch, Educatly has been embarking to build the world's most comprehensive educational network that includes schools, colleges, programs, scholarships, language courses, professors, students, and alumni.
“The challenge Educatly addresses affects millions of students and educators globally. In the last few decades, the world has seen an incredible speed in digital transformation across every sector, however, some of those sectors are lacking behind this speed,” said Mohammed El Sonbaty, CEO and founder of Educatly,
Since its launch, has brought on over 450 schools globally, and over 45,000 student profiles onto their platform. With its newly acquired funds, Educatly looks to develop its product, bring on more team members, and scale its marketing and sales operations. Falak Startups and Enterprise Island will be helping the company scale up with AI and blockchain to maximize the value they offer to their customers.
- Previous Article ‘Mulid El-Magnoun’ EP by Yunis Explores Sufism & the Egyptian Wedding
- Next Article Lazareeta Brings Alexandria's Street Food to Maadi