New Investments
Algerian Edtech LabLabee Raises $3.4 Million in Seed Funding Led By Reach Capital
The funding round was led by Reach Capital, with participation from Classera, Brighteye Ventures, e& capital, and several business angels.
LabLabee plans to use the funds to expand its operations in the Europe, Middle East, and Africa (EMEA) region and enter the US market.
The company will also introduce new hands-on training labs and expand its course catalog to include topics like industry 4.0, telco security, telco AI, and edge computing. Additionally, LabLabee will hire more staff to support its growing user base.
Founded in 2021, LabLabee offers hands-on learning experiences in future network technologies.
The company works with telecom operators, vendors, industrial companies, and more to integrate practical exercises into their training programs.
Esteban Sosnik, General Partner and Co-Founder at Reach Capital, praised LabLabee for its deep technical experience and industry knowledge.
He noted that the company is addressing a critical need in the telecom sector by helping workers upskill and reskill.
LabLabee’s co-founder, Samir Tahraoui, highlighted the challenges faced by telcos and industrial engineers in learning new technologies.
He emphasized that LabLabee’s platform makes learning easier, faster, and field-ready.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
You may also like...
TowerCo of Africa Uganda Secures $40 Million Investment to Expand Rural Mobile Network Coverage
TowerCo of Africa Uganda, a telecommunications infrastructure company, has secured $40 million in long-term financing to improve mobile phone network coverage in rural areas across the East African nation.
Senegalese Health Tech Startup Kera Secures $10 Million Investment from IFC
Kera Health Platforms, a Senegal-based health technology startup, has secured a $10 million equity investment from the International Finance Corporation (IFC), a member of the World Bank Group.
Foundation Ventures Secures First Close of $25M Fund to Back Egyptian Startups
Cairo-based venture capital firm Foundation Ventures has announced the first close of its new $25 million fund, FVFII, marking a significant step toward strengthening Egypt’s entrepreneurial ecosystem.