Crafty Workshop, an Egyptian Edtech company has announced that it has secured $400,000 seed funding to expand its operations and diversify offerings.
The funding round was led by EdVentures, a corporate venture capital that invests in startups specializing in education, culture, and innovative learning solutions.
Crafty Workshop aims to extend its operations to the Gulf Region, further diversify its content offerings to include 500 subjects in the creative industries by 2024 and develop a specialized product for schools involved in creative productions.
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Speaking on the funding round, the company’s Co-founder Hadeer Shalaby expressed excitement about the funds secured, which he said will enable the company to accelerate its growth.
In his words,
“We are thrilled to have received this investment from EdVentures, which will enable us to accelerate our growth and make a greater impact in the Edtech space. We are excited to expand our reach to the Gulf Region, enrich our content library, and enhance our offerings for schools involved in creative productions”.
Also speaking on the funding round, General Manager of EdVentures Maged Harby said,
“We are delighted to continue our support for Crafty Workshop. Our initial investment in 2019 marked the beginning of a successful partnership, and since then, Crafty has made remarkable strides in both the Egyptian market and the Gulf region. At EdVentures, we are committed to investing in endeavors that foster innovation in the ed-tech ecosystem and contribute to the development of human capabilities. Crafty Workshop aligns perfectly with our vision and mission”.
Crafty’s latest investment is the second investment round that the company has received from EdVentures, having received an initial investment from the MENA leading Edtech investor back in 2019. The General Manager of the VC company, Maged Harby noted that it has been a successful partnership since then as the startup has taken giant strides.
Founded in 2019 by Hadeer Shalaby and Amgad Moustafa, Crafty Workshop is a corporate venture capital that invests in startups specializing in education, culture, and innovative learning solutions.
The company offers a diverse range of creative courses and workshops, catering to individuals interested in art, design, illustration, programming, game development, photography, animation, handicraft, and more.
In addition to its role as an educational platform, Crafty Workshop also serves as a vocational skills training provider, addressing the pressing issue of youth unemployment.
By offering vocational training programs, the company equips learners with the necessary knowledge and skills, helping them secure job placements and career opportunities.
Crafty remains committed to its mission of empowering individuals and organizations to thrive in the creative sector.