Egyptian legal ed-tech startup Kouncel secures US$1.2M pre-seed funding for expansion

EGYPT – Kouncel, an online video education platform for lawyers has secured US$1.2 million in pre-seed funding to expand its services across the country.

The pre-seed round was led by Zaldi Capital for investment, the African Development Bank (AFDB), the Academy for Scientific Research and Technology (ASRT) &Tanmia wa Tatweer.

As part of the funding raised, US$280k will be disbursed in banknotes while the remaining amount will be provided in-kind services.

Kouncel is Mena’s first online legal education platform, designed to provide lawyers and enterprises in the Mena region with a unique training experience based on their different jurisdictions.

The platform aims to reach thousands of learners and then expand to provide premium customized courses to individuals and enterprises in Egypt and the Gulf region.

The startup has a wide range of courses categories such as arbitration, legal drafting, corporate law, intellectual property, banking and non-banking law, law for startups.

 Each learning sequence is composed of short videos interspersed with interactive learning exercises, where students can immediately practice the concepts from the videos.

The courses often include tutorial videos that are similar to small on-campus discussion groups and an online textbook.

The platform also has an online discussion forum where students can post and review questions and comments to each other and teaching assistants.

Education forms a key part of Egyptian Economic Vision 2030, and law plays an important role in creating a healthy environment for businesses and pushes FDIs forward,” said Ibrahim Saleh, founder, and CEO of Kouncel.

Legal education has never been easier – discover various topics in the legal field and master law with Mena’s top counsels.”

Law has been and still remains a prestigious and much sort after profession globally as it has diverse career options.

The law profession has diverse applications and relevance ranging from company law, criminal law, family law, civil law, to mention but a few.

In addition, the profession has a lucrative financial reward making law one of the most sort industries in Egypt.

The platform contributes to the North African country’s bid to offer diverse education to its citizen to improve the economy through skills acquired.

It also provides learning space for students saving congestion in universities and institutions that offers physical learning centers.

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