Today: Jun 14, 2024

iSchool, Egypt’s edtech startup, secures $4.5M for global expansion.

6 months ago

Key Points:

  • Egyptian edtech startup iSchool has raised $4.5 million in funding to expand its global reach.
  • With the funding, iSchool plans to establish a team in Dublin and use Ireland as a base to expand its services globally.
  • The startup offers live gamified classes led by coding instructors to students aged six to 18, covering subjects like AI, VR, app development, game development, and web development.
  • iSchool has over 26,000 live learners, 1 million training hours, and 10 million lines of code written by students.
  • Additionally, iSchool intends to expand its services to six more Middle Eastern and North African nations and further expand its online coding platform throughout Sub-Saharan Africa.
  • In a separate development, beauty marketplace Fyyne has been acquired by Bumpa, an eCommerce startup looking to expand into new markets.
  • Fyyne had to shut down operations soon after the acquisition, with its CEO leaving due to leadership issues.
  • The Nigeria Data Protection Commission (NDPC) has issued a Code of Conduct for the nation’s licensed Data Protection Organizations (DPCOs) to ensure professionalism in compliance services.
  • The NDPC requires all banks, telcos, schools, and other businesses managing Nigerians’ data to register with the Commission for data compliance monitoring by December 2023.

Egyptian edtech startup iSchool has raised $4.5 million in a funding round to expand its services globally. The funding round was led by VentureWave Capital, with participation from OneStop Capital UK, Webit Investment Network, and Oraseya Capital. iSchool offers live gamified classes led by coding instructors to students aged six to 18, covering subjects like artificial intelligence, virtual reality, app development, game development, and web development. The startup aims to establish a team in Dublin and use Ireland as a base to expand its services internationally. It plans to expand into six more Middle Eastern and North African nations and further expand its online coding platform throughout Sub-Saharan Africa.

In a separate development, beauty marketplace Fyyne has been acquired by Bumpa, an eCommerce startup. Fyyne aimed to improve black hair care accessibility in Canada and provided a marketplace for beauty services. However, soon after the acquisition, Fyyne had to shut down operations, with its CEO leaving due to leadership issues. Fyyne’s app, powered by Bumpa, will reportedly continue to operate as an independent platform, and Fyyne’s co-founder will join Bumpa as an advisor.

The Nigeria Data Protection Commission (NDPC) has issued a Code of Conduct for licensed Data Protection Organizations (DPCOs) to ensure professionalism in compliance services. All banks, telcos, schools, and other businesses managing Nigerians’ data are required to register with the Commission for data compliance monitoring by December 2023. The NDPC aims to guarantee professionalism among DPCOs and their compliance with the Nigeria Data Protection Act.