Egypt: Edventures Invests in Eight New Egyptian Edtech Startups

3 October 2024
Daba Finance (Abidjan)

TLDR

  • EdVentures, the venture capital arm of Nahdet Misr Group, invests in 8 new Egyptian educational technology startups from its recent accelerator program.
  • Selected startups include El Kheta, Saikoro, The Copywriter, Techy App, SchoolZ, ArmStrong, Tutoro, and InvestED, receiving funding and support for expansion.
  • Investment highlights the importance of ed-tech in Egypt, reflects confidence in the startup ecosystem, and aims to enhance education and innovation in the region.

EdVentures, the venture capital arm of Egypt's Nahdet Misr Group, has invested in eight new Egyptian educational technology startups. This brings its total portfolio to 22 companies since its launch in 2017.

The selected startups emerged from EdVentures' recent business accelerator program. They include El Kheta, Saikoro, The Copywriter, and Techy App. Also joining are SchoolZ, ArmStrong, Tutoro, and InvestED.

These startups will receive funding and support to expand their operations. EdVentures focuses on investing in innovative ed-tech companies to enhance the education sector in Egypt.

Key Takeaways

EdVentures' investment highlights the growing importance of educational technology in Egypt and the Middle East. With a young population and a demand for quality education, ed-tech solutions offer ways to improve access and learning outcomes. The move comes at a time when digital learning tools have gained prominence, especially after the COVID-19 pandemic accelerated the shift to online education. The addition of these startups to EdVentures' portfolio reflects confidence in Egypt's startup ecosystem. The companies address diverse needs, from tutoring and STEM education to school logistics and fundraising, indicating broad opportunities in the education market.

Read the original article on Daba Finance.

Tagged:
Copyright © 2024 Daba Finance. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.