Tech in Africa
Egypt edtech Educatly has raised a $1 million pre-Seed round from Enterprise Ireland, Falak Startups, and several other angel investors. This follows its earlier launch in 2020. Educatly plans to build further on its growth by using the investment to develop its product, add core members and scale its sales and marketing operations.
Educatly is looking to digitally map and integrate the world’s education ecosystems and make it simpler. In summary, Educatly is building for education what Linkedin has built for jobs. The platform aspires to be the worlds most comprehensive educational network showcasing all colleges/schools, programs, scholarships, language courses, professors, students and their alumni. Educatly leverages technology to connect all stakeholders in the education sector digitally.
Through the Educatly platform, students can search, compare and apply to over 120,000 live and up-to-date higher education opportunities offered globally. Since the launch, the company’s user base has grown to accommodate over 10,000 users spread across 190 countries globally. Thus far, over half a million of its programs have been viewed.
In the press release, Mohammed El Sonbaty, the Founder and CEO of Eductaly pointed out that, “the challenge Educatly addresses affects millions of students and educators globally.”
Educatly COO, Joan Manuel, pointed out how the global pandemic had forced universities to digitize their education programs, presentation of programs offered, and interaction with students. Recruiting new students is costly for universities globally as they are forced to rely on local agencies to help them fill their classes. In the USA, over 60% of universities rely on agencies to meet their recruitment goals not to mention the 10%-30% they part in student fee commissions per enrollment.
Educatly has bootstrapped since launch. The period has seen them gain phenomenal traction onboarding over 450 schools across the globe. Over 45,000 student profiles have also been created.
In 2020, Enterprise Ireland was ranked first by PitchBook as the top VC investor in Europe and globally. PitchBook ranks the most active VC investors by deal count. Falak Startups is an accelerator in Egypt that supports and empowers the next generation of entrepreneurs. With such partners and support, Educatly will achieve its growth plans by integrating new technologies such as AI and Blockchain.
