Educatly, an Egyptian edtech startup, has raised $1 million in funding from Enterprise Ireland, Fala startups, and other angel investors. The pre-Seed round will occur prior to the platform’s launch in late 2020.
Educatly is a technological platform for education that enables students to look for, compare, and apply to over 120,00 live and current higher education opportunities worldwide.
Since its introduction in 2020, the platform has grown to over 100,000 users from 190 countries, with over 500,000 programs viewed.
The startup is mapping and connecting the world’s education ecosystems digitally in order to make them more accessible.
The firm claims to be transforming education in the same way that LinkedIn transformed the employment market.
Educatly’s objective is to build the world’s most adaptable educational network by exhibiting all institutions of higher learning, programs, scholarships, language courses, professors, students, and alumni.
The company leverages technology to connect all educational stakeholders in a digital environment.
Mohammed El Sonbaty, CEO and owner of Educately, discussed the challenges confronting the education ecosystem, noting that the issue the company is attempting to resolve affects millions of students and teachers worldwide.
While the world has seen incredible progress in digital transformation across all sectors, the startup is particularly concerned about the global education ecosystem, which is fragmented and heavily reliant on infrastructure built decades ago that no longer fits the current operation, which has a number of negative consequences for how transparent and effective people access their lifelong learning.
Joan Manuel, Co-Founder and Chief Commercial Officer, stated, “At the same time, COVID-19 has placed immense pressure on institutions to digitize not just their educational programs, but also the way they deliver them and engage with prospective students.”
She continued by stating that student recruitment is already a significant expenditure for colleges worldwide, with many relying on outside assistance from local firms to fill their classrooms.
The majority of people are unaware that colleges pay these firms between 10% and 30% of a student’s fee as a commission per enrollment, which in most cases steers students to their partners regardless of their ability.
According to Abdelrahman Ayman, Co-Founder and COO, students want open access to all relevant options while receiving as much personalised guidance as possible to help them make the best choice possible.
He notes that at educatly.com, individuals may browse the most up-to-date database worldwide, with over 120.000 higher education options, and filter results depending on their profiles and preferences to find the programs that are most relevant to them.
