Egypt: EdVentures backs three edtech start-ups
EdVentures and the Academy of Scientific Research & Technology (ASRT) have made equity investments in three Egypt-based edtech start-ups. OBM Education, Super Fny, and Crafty Workshop acquired funds to expedite their growth as part of the EdVentures acceleration programme.
Launched in 2017, EdVentures is positioned as a edtech-focused corporate venture capital outfit in the Middle East. EdVentures invests in edtech start-ups in the pre-seed and seed stage serving the sectors of education, culture, and innovative learning solutions. The company has previously invested in nine start-ups and is planning on expanding its portfolio in the MENA region, The new investments add a trio of start-ups focusing on building soft skills, creating educational and job opportunities, as well as creating tailored educational content of alternative knowledge seekers in MENA.
The first investment, OBM Education, is an Egyptian educational start-up that provides services and guided content to pre-university students through various training programmes and events. Its online solution, Taleb, supports students’ needs from different aspects related to parallel education and career choice through unlimited features and add-ons within their mobile app.
On the other hand, Super Fny, provides professional training in areas such as technical, vocational, safety, soft skills, and entrepreneurship. They also provide employment opportunities and activities for changing the social image: such as events, lectures, etc. As explained by Ahmed Anower, CEO and founder of Super Fny, “The company is currently planning to convert its services online and launch a platform in Egypt to provide technical training and job opportunities; in addition to designing curricula in various professions through VR technology.”
The third start-up, Crafty Workshop, presents online courses and resources for all creative makers on all levels of craft-oriented topics. They also offer business-oriented courses such as product development, photography, pricing, marketing, branding, and financials; to help the craft owner develop a source of income.
As noted by Hadeer Shalaby, co-founder of Crafty Workshop, “We are pleased to have received support and funding from EdVentures, with their accumulated experience in the field of education and extensive business connections; we will be able to develop our platform and further grow and expand our services.”
Dalia Ibrahim, founder and CEO of EdVentures concluded, “EdVentures is very proud to continue supporting startups in the edtech field. This time we extend our investment to cover vocational education and handicrafts learning through Super Fny and Crafty Workshop. We also believe in OBM’s team and the importance of their impact on high school students.”
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