New Investments
Egyptian Edtech Farid Receives Pre-Seed to Address Children's Mental Health
Farid, a pioneering Egyptian edtech startup, has successfully secured $250,000 in pre-seed funding from Saudi entrepreneur Amal bint Abdulaziz Al-Ajlan.
This significant investment will fuel the startup’s expansion and solidify its position in the regional education market.
Farid, founded in 2024 by Mahmoud Hussein, is a platform dedicated to providing innovative educational solutions for children and adolescents aged 3 to 18.
The company focuses on character education, mental health support, and personal skills development, utilizing modern methodologies to foster well-rounded individuals.
With this new funding, Farid plans to expand its educational platform, develop new training content, and hire additional staff.
The startup also aims to enter new markets, including Saudi Arabia and the United Arab Emirates, building upon strategic partnerships with Egyptian schools.
“This investment will enable us to accelerate our growth and reach a wider audience,” said Mahmoud Hussein, the founder and CEO of Farid.
“We will use the funds to enhance our platform, develop new training programs, and expand our operations in key markets.”
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