New Investments

Egyptian Edtech Startup Sprints Secures $3 Million to Fuel Global Expansion

Sprints, a leading Egyptian provider of AI-powered education technology (edtech), has secured $3 million in a bridge funding round.

The round was led by Disruptech Ventures, with participation from EdVentures, CFYE, and other investors.

This new investment will empower Sprints to achieve its ambitious expansion goals.

The company plans to enter ten new markets and significantly scale its operations. These funds will also be used to equip over 200,000 learners with the in-demand skills needed to succeed in the tech industry.

Founded in 2020 by Ayman Bazaraa and Bassam Sharkawy, Sprints offers a unique end-to-end learning experience.

The company leverages AI to assess individual learner needs and then tailors personalized learning journeys. They even go a step further, guaranteeing graduates a top-paying job upon successful completion of the program, with tuition deferred until employment is secured (within 3 years).

Sprints claims to be the first edtech startup in the Middle East and Africa (MEA) region to offer such a comprehensive solution.

The company boasts a team of over 100 employees and 300 trainers representing 12 countries, fostering a truly global perspective.

Since its inception, Sprints has facilitated over 2.5 million learning hours and helped place more than 300 graduates in tech jobs worldwide.

In addition to individual development, Sprints partners with organizations to build strong tech teams in various fields, including AI, data science, mobile development, and cybersecurity.

“This investment is a powerful testament to the tireless efforts and unwavering commitment of our entire team,” said Bazaraa.

“We are incredibly proud of what we’ve accomplished together, and we’re excited for the future we will build.”

This bridge round follows a successful seed funding round of $1.2 million secured by Sprints in April 2022.

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