Egypt: OBM raises second round of investment from EdVentures
Egyptian education start-up, OBM Education, has recently raised a six-digit figure from EdVentures as the second round of investment.
Founded in 2020 by Omar El-Barbary and Ezz El-Din Farag, OBM helps pre-university students choose their college majors and provides them with career advice and training programmes. The start-up provides these services through its summits and programmes such as the Build Your Future Summit.
OBM also offers special programmes that connect students with top CEOs; mentoring them, providing them with real-life experience in business and helping them decide on their career paths.
Commenting on the investment, Dalia Ibrahim, founder and CEO of EdVentures said, “We saw great potential in OBM as they cater to a huge population of students and undergrads, that’s why we were keen to have another round of investment in OBM to help them further expand and increase their offerings; thus helping more students and enabling them to make well-informed decisions about their future and to become job-ready.”
Omar El-Barbary, founder and CEO of OBM, said: “EdVentures’ new investment is quite strategic for our ambitious expansion plans as we will use it to launch our new application, Taleb, that will enable us to provide extended services for our users and to fulfil our mission in ensuring an exceptional career advising experience for Egyptian students.”
Since its launch in 2017, EdVentures has been supporting tens of start-ups operating in education, edtech and cultural innovations. It has invested in 13 start-ups. Through diversified and advanced services, those startups were able to help enhance the skills of youth, enrich learning opportunities, and enable educational institutions to operate better through the deployment of the latest technological solutions.
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