Educatly, an Egyptian ed-tech startup, has successfully closed a $2.5 million funding round. The round was spearheaded by TLcom Capital and Plus VC, with additional contributions from Egypt Venture and the Irish HBAN syndicate. This investment is set to propel the company’s growth and bolster its presence in strategic markets throughout Africa and the Middle East.
Established in 2020 by co-founders Mohamed El-Sonbaty, Abdelrahman Ayman, and Joan Manuel, Educatly is dedicated to making higher education more accessible to all. The platform serves as a conduit between students and a vast array of educational programs, featuring over 130,000 options from 1,100 universities around the globe.
Educatly’s platform is currently utilized by more than three million students, and the company has set an ambitious target to increase this number to seven million by the end of 2024.
CEO Mohamed El-Sonbaty regards the funding as a validation of Educatly’s commitment to closing the educational opportunity gap for students. The company plans to allocate the funds towards enhancing the platform’s features, extending its market penetration, and supporting students in fulfilling their educational ambitions.
Following a $1 million pre-seed round in 2021, Educatly continues to develop its research and development capabilities with centers in Cairo and Dubai. Educatly’s vision is to create a premier digital platform that offers students a streamlined and personalized experience in accessing higher education services.
