$2.5 Million Secured by Egypt's Educatly to Expand Ed-Tech Services in Africa and the Middle East

Educatly raises $2.5 million to enhance its platform and extend educational access across Africa and the Middle East.

An Egyptian ed-tech company, Educatly with contributions from Egypt Venture and the Irish HBAN syndicate has successfully closed a $2.5 million funding round led by TLcom Capital and Plus VC. Through this investment the company aims to accelerate its growth and expansion in Africa and Middle East.

Mohamed El-Sonbaty, Abdelrahman Ayman, and Joan Manuel found Educatly in 2020 with an aim to make higher education easily accessible. The current platform is used by over three million students connecting student with over 130,000 educational programs from 1,100 universities globally. The company intends to reach its user base of seven million by the end of this year.

CEO Mohamed El-Sonbaty views the funding as a testament to Educatly’s mission to bridge the educational opportunity gap. The funds will be used to enhance platform features, expand market presence, and support students in achieving their educational goals.

After raising $1 million in a pre-seed round in 2021, Educatly will focus on strengthening its research and development (R&D) projects, with centers located in Cairo and Dubai. The company's goal is to provide students with a superior digital platform that streamlines and individualizes their experience in higher education.