- Startup assists students in answering the most critical questions of what and where to study to achieve a bright professional future.
Cairo-based edtech startup Educatly has secured a new funding round of $2.5 million to expand its operations in Middle East and Africa.
The funding round was led by TLcom Capital and Plus VC and from Egypt Venture (Egypt) and the HBAN syndicate (Ireland).
In 2021, it has secured a $1 million in a pre-seed funding round, which participation from Enterprise Ireland, Falak Startups, among other investors.
The startup assists students in answering the most critical questions of what and where to study to achieve a bright professional future and provides information on all types of schools and universities worldwide, as well as various programs and scholarships.
Its services are offered in key markets such as Egypt, Saudi Arabia, the United Arab Emirates, Nigeria, Kenya, and Ireland.
Eyes 7m students
Launched in 2020, Educatly employs advanced artificial intelligence (AI) and large language models (LLM) to ensure the accuracy of information, allowing students to make informed decisions.
Additionally, Educatly helps universities reach and engage with students seamlessly, and currently, the platform features over 1,100 universities in 90 countries around the globe.
“Today, we are proud to receive this new investment, which reaffirms our commitment to continue working towards our vision and strategic goals through an ambitious plan aimed at increasing growth and expanding our operations. It will also enhance the services we provide to reach more students around the world and help them achieve their goals,” Engineer Mohmmed El-Sonbaty, Founder and CEO of Educatly, said.
Dr. Abdelrahman Ayman, Co-Founder and Chief Operating Officer of Educatly, said that this fund highlights the potential of educational technology in the region.
Since the launch of Educatly, “we have offered a wide range of services, with our business model focusing on three main pillars: helping students choose their fields of study, find the ideal programs and universities, and connect with students and Alumni around the world. “
To date, Educatly reached over three million students and aim to increase this number to approximately 7 million by the end of 2024.
In addition to that, Educatly has research and development centres in Cairo and Dubai with investments totaling $500,000 a year aimed at developing a digital platform that meets global standards to enable students to seamlessly access various tailored services.