New Investments
Egyptian Edtech Educatly Raises $2.5 Million to Expand Higher Education Access
Egyptian ed-tech startup Educatly has raised a $2.5 million funding round led by TLcom Capital and Plus VC, with participation from Egypt Venture and Ireland’s HBAN syndicate.
The investment will fuel the company’s growth and expansion across key markets in Africa and the Middle East.
Founded in 2020 by Mohamed El-Sonbaty, Abdelrahman Ayman, and Joan Manuel, Educatly aims to democratize access to higher education.
The platform connects students with over 130,000 programs from 1,100 universities worldwide.
With a user base exceeding three million students, Educatly is on track to reach seven million by the end of 2024.
“This funding is a testament to our mission of bridging the gap between students’ aspirations and available educational opportunities,” said El-Sonbaty, CEO of Educatly.
“We will use these funds to enhance our platform, expand our reach, and empower more students to achieve their academic goals.”
Educatly previously raised a $1 million pre-seed round in 2021 and operates research and development centers in Cairo and Dubai.
The company is committed to developing a world-class digital platform that provides students with seamless access to tailored higher education services.
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