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.
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...
Nigeria-based merchant solution platform Traction raises $6 million seed to scale its operations
Nigerian-based merchant solution platform Traction has secured a $6 million seed to scale its operations.
FSD Africa and UK Government Launch $5.2 Million SME Financing Fund in Kenya
The UK government, in partnership with FSD Africa, has unveiled a KSH 667 million ($5.2 million) initiative to improve financing access for small and medium-sized enterprises (SMEs) in Kenya.
Egyptian Unicorn MNT-Halan Reaches $1.4 Billion Valuation After Funding Round Led by Al Ahly Capital
Egyptian fintech company MNT-Halan has achieved a valuation of $1.4 billion after completing the first closing of a new funding round led by Al Ahly Capital, the investment arm of the National Bank of Egypt.