Egypt: DisrupTech, EdVentures and CFYE back edtech platform
Egypt: DisrupTech, EdVentures and CFYE back edtech platform
Egypt-based edtech company Sprints.ai has raised a $3 million bridge round.
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Egypt-based edtech company Sprints.ai has raised a $3 million bridge round led by DisrupTech Ventures, with investments from EdVentures and CFYE, among other investors.
Co-founded by Ayman Bazaraa and Bassam Sharkawy, Sprints is the first end-to-end platform to bridge the tech talent gap, spanning talent assessment, customised learning journeys, and a top-paying job guarantee. Sprints is the first edtech startup in the Middle East and Africa (MEA) to offer guaranteed hiring programmes, allowing graduates to only pay upon successful hiring over three years. Since launching in 2020, Sprints has delivered more than 2.5 million learning hours and secured graduate employment through over 300 tech employers across the globe.
Ayman Bazaraa, CEO of Sprints, commented: "Our team is the beating heart of this success. We're a proud force of passionate trailblazers, consisting of over 100 employees and 300 trainers from 12 countries, united by a single mission: to revolutionise education through AI. This investment is a resounding validation of the team’s tireless efforts and unwavering dedication. Today, I stand proud of what we've collectively accomplished and am brimming with anticipation for the future we will pave together."
Commenting on the closure of the bridge round, Yehia Abouelwafa, co-founder and chief investment officer at DisrupTech Ventures, stated: “We are proud of Sprints for decoding the growth dilemma with their all-in-one tech talent platform, which seamlessly integrates talent assessment, hiring, payroll, and upskilling to empower companies and governments alike to build world-class teams more efficiently than ever. We are firm believers in Sprints’ mission, and will continue leveraging our 70 years of combined know-how to unleash the potential of regional talent to develop the necessary calibre for digital economies.”
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