EdTech platform Educatly secures US$1m pre-seed round to accelerate its growth

EGYPT – Educatly, an Egyptian EdTech platform, has secured a US$1 million pre-seed round with investments from Enterprise Ireland, Falak Startups, and other Angel Investors, a year after its official launch.

Educatly will use the funding to accelerate its growth goals by incorporating new technologies such as AI and Blockchain, which will allow them to provide more value to their consumers.

Educatly is a website that allows students to search, compare, and apply to over 120,000 live and current higher education options throughout the world. Since then, the user base has swelled to over 100,000 users from 190 countries, with over half a million shows watched.

“The challenge Educatly addresses affects millions of students and educators globally. In the last few decades, the world has seen an incredible speed in digital transformation across every sector,” Mohammed El Sonbaty, CEO & Founder of Educatly said.

“However, some of those sectors are lacking behind this speed, and we are concerned about education as the global education ecosystems is fragmented and largely dependent on infrastructure we built ages ago which no longer fits the way we operate today and that has a lot of negative implications in how transparent but also efficient people access their lifelong learnings.”

Educatly’s mission is to provide every student with transparent access to and assistance in the world of education, and their goal is to be able to tap into the complete student educational journey and use technology to help them have the greatest possible experience.

“Students want to have transparent access to all relevant opportunities out there while getting as personalized support as possible to reach the best possible decision,” said Abdelrahman Ayman, Co-Founder, and COO.

“At educatly.com, users can browse through the largest up-to-date database globally with more than 120.000 higher education opportunities worldwide and filter according to their profile and preferences to find the programs most relevant for them.

“We leverage the latest technologies to narrow down the most relevant programs to support the decision-making process for them and offer personalized support through our network of consultants and ambassadors.”

Educatly had been bootstrapping from its inception until they completed this pre-Seed Round. Educatly gained significant traction during this time, onboarding 450+ schools from around the world to work with, as well as over 45,000 student profiles on the site.

“Educaly plans to capitalize on this success by using the funds to further develop their product, hire key personnel, and increase their marketing and sales operations,” said Joan Manuel, Co-Founder, and CCO.

“COVID-19 has put universities at the same time under huge pressure to digitize not just their educational programs, but also the way they present their programs and interact with interested students.

“Student recruitment is already a very costly challenge for universities globally, where many universities rely on external support through local agencies to recruit students to fill their classes.”

Educatly is on a quest to simplify the world’s education ecosystems by digitally mapping and integrating them. What LinkedIn has done for jobs; it is now doing for education.

Educatly’s goal is to create the world’s most comprehensive educational network, featuring all schools/colleges, programs, scholarships, language classes, professors, students, and alumni. Educatly uses technology to bring all educational stakeholders together in a digital environment.

Liked this article? Subscribe to DealStreet Africa News, our regular email newsletter with the latest news, deals, and insights from Africa’s business, economy, and more. SUBSCRIBE HERE

Other Recent Posts

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.