Educatly, an Egyptian innovative student-recruitment platform that helps students study abroad at leading universities, has raised $2.5 million in a funding round to enhance its product and solidify its presence in the MEA region.
The funding round was led by TLcom Capital and Plus VC. The round also saw participation from Egypt Venture and the HBAN syndicate.
It is worth noting that the latest funding round comes on the heels of Educatly’s rapid growth, which was previously bolstered by a $1 million pre-seed round that included participation from Enterprise Ireland and Falak startups.
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Commenting on the funding round, CEO and Founder of Educatly, Mohmmed El-Sonbaty said,
“This investment marks a pivotal moment for Educatly. Our initial goal was to bridge the gap between students’ educational needs and the opportunities available, aligning these with their capabilities and ambitions. With this new investment, we are committed to continuing our ambitious growth plans, enhancing our services, and expanding our operations across Africa and the Middle East to help more students achieve their educational goals.”
Also speaking Co-founder and Chief Operating Officer of Educatly Dr. Abdelrahman Ayman said,
“This funding underscores the vast potential of educational technology in our region. Since our inception, Educatly has focused on three core pillars: assisting students in choosing their fields of study, finding the best programs and universities, and connecting with a global network of students and alumni. We provide a comprehensive digital map of educational institutions and offer financial support through various installment plans in collaboration with our partners. To date, we have reached over 3 million students, to increase this number to 7 million by the end of 2024.”
Founded in 2020, Educatly’s mission is to guide students in making informed decisions about their educational and professional futures. The platform provides comprehensive information on various schools and universities globally, including details on various programs and scholarships.
Utilizing advanced artificial intelligence and large language models, Educatly ensures the accuracy and relevance of its information, enabling students to make well-informed choices. The platform currently features over 1,100 universities across 90 countries.
The Ed-tech platform offers a wide range of services tailored to students’ needs. These services are built, around three pillars: helping students select their fields of study, finding the ideal programs and universities, and facilitating connections with other students and alumni globally.
Educatly says it is building for education what LinkedIn built for jobs, so if LinkedIn built the world’s professional network, Facebook, Instagram, and TikTok built the world’s social networks, then it aspires to build the world’s educational network, which includes every school in the world, every program they offer, every scholarship, language, course, amongst others.