Today: Jun 14, 2024

Egyptian ed-tech startup iSchool secures $4.5m to soar globally.

5 months ago

TLDR:

Egyptian ed-tech startup iSchool has raised $4.5 million in funding to expand its operations in the MENA region and establish a presence in Ireland. The company offers live gamified coding classes for students aged 6-18, and has already delivered over one million training hours to more than 26,000 learners. The funding round was led by VentureWave Capital, with participation from OneStop Capital UK, Webit Investment Network, and Oraseya Capital.

Key Points:

  • Egyptian ed-tech startup iSchool has raised $4.5 million in funding to accelerate its expansion plans into six additional countries in the MENA region, as well as establishing its presence in Ireland.
  • iSchool offers live gamified classes led by coding instructors, catering to students aged 6-18. The curriculum covers AI, VR, app development, game development, and web development.
  • The startup has over 26,000 learners and has delivered more than one million training hours. It has also worked with 35 schools, providing technical training and CS labs, and managing national-level initiatives in Egypt, Saudi Arabia, and the United Arab Emirates.
  • The funding round was led by VentureWave Capital, followed by OneStop Capital UK, Webit Investment Network, and Oraseya Capital. The funding will support iSchool’s expansion into six additional countries in the MENA region and establish its presence in Ireland.
  • iSchool also plans to grow a new team in Dublin and prepare for the extension of its gamified online classroom app service throughout Sub-Saharan Africa.

Egyptian ed-tech startup iSchool has raised $4.5 million in funding to accelerate its expansion plans into six additional countries in the MENA region, among other things. Founded in 2018, by Mohamed Algawish, Mustafa AbdelMon’em, Ebrahim Youssef and Mohamed Nabil, iSchool offers live gamified classes led by coding instructors, catering to students aged 6-18. The curriculum spans AI, VR, app development, game development, and web development.

Today, iSchool has more than 26,000 live learners, delivered over one million training hours, and more than 10 million lines of code have been written by its students, working with 35 schools, providing technical training, and CS labs, all of which led to managing national-level initiatives in Egypt, Saudi Arabia, and the United Arab Emirates.

The startup has now raised $4.5 million in a funding round led by VentureWave Capital, an Irish VC, followed by OneStop Capital UK, Webit Investment Network, and Oraseya Capital, the VC arm of the Dubai Integrated Economic Zones Authority.

The new round will accelerate iSchool’s expansion plans into six additional countries in the MENA region, as well as establishing its presence in Ireland, propelling the company to a global scale, and plans to grow a new team in Dublin. It will also facilitate technological scaling for the online coding platform, and prepare for the extension of its gamified online classroom app service throughout Sub-Saharan Africa.

“We are delighted to be joined by a number of vastly experienced and strategic investors, whose expertise will not only play a vital role ahead of our future expansion but also in our current activities, managing national-level initiatives in Egypt, Saudi Arabia, and the United Arab Emirates,” said Algawish.