– Educatly, a global higher education network, has raised $2.5 million in a new funding round led by TLcom Capital and Plus VC, with participation from Egypt Ventures and the HBAN syndicate from Ireland.
– This investment strengthens Educatly’s presence in key Middle Eastern and African markets, including Egypt, Saudi Arabia, the UAE, Nigeria, Kenya, and Ireland.
– Launched in 2020, Educatly assists students with critical decisions on what and where to study by providing comprehensive information on schools, universities, programs, and scholarships worldwide. The platform employs AI and large language models to ensure accurate information, currently featuring over 1,100 universities in 90 countries.
Educatly, a global network in higher education, has announced that it has secured a new funding round of $2.5 million led by TLcom Capital and Plus VC. The round also saw participation from Egypt Venture (Egypt) and the HBAN syndicate (Ireland).
The funding solidifies its presence in the Middle East and Africa, including key markets such as Egypt, Saudi Arabia, the United Arab Emirates, Nigeria, Kenya, and Ireland.
Launched in 2020, Educatly aims to assist students in answering the most critical questions of what and where to study to achieve a bright professional future. The platform provides information on all types of schools anduniversities worldwide, as well as various programs and scholarships.
Educatly employs advanced artificial intelligence (AI) and large language models (LLM) to ensure the accuracy of information, allowing students to make informed decisions. Additionally, Educatly helps universities reach and engage with students seamlessly, and currently, the platform features over 1,100 universities in 90 countries around the globe.
Engineer Mohmmed El-Sonbaty, Founder and CEO of Educatly, stated, “Today’s announcement marks a significant milestone for Educatly. When we first launched Educatly, our aim was to bridge the gap between students; educational needs and the available educational opportunities to align with their capabilities and ambitions.
“Today, we are proud to receive this new investment, which reaffirms our commitment to continue working towards our vision and strategic goals through an ambitious plan aimed at increasing growth and expanding our operations in Africa and the Middle East. It will also enhance the services we provide to reach more students around the world and help them achieve their goals.”
Abdelrahman Ayman, Co-Founder and Chief Operating Officer of Educatly, added, “This fund highlights the potential of educational technology in the region. Since the launch of Educatly, we have offered a wide range of services, with our business model focusing on three main pillars: helping students choose their fields of study, find the ideal programs and universities, and connect with students and Alumni around the world.
“We provide a comprehensive digital map of educational institutions worldwide to assist users. We also offer financial support through diverse installment systems in collaboration with our partners, helping students access the best educational programs based on their needs. To date, we have reached over 3 million students and aim to increase this number to approximately 7 million by the end of 2024,” Ayman added.
It is worth noting that Educatly has experienced rapid and notable growth, particularly following its recent announcement of securing $1 million in a pre-seed funding round in November 2021, which included participation from Enterprise Ireland, Falak Startups, among other investors. This funding came after the platform’ s launch in late 2020.