Grace Ashiru
iSchool, an educational technology startup based in Egypt, recently secured funding of US$4.5 million. This significant investment supports the company’s ambitious plan to broaden its reach across six additional countries within the Middle East and North Africa (MENA) region.
VentureWave Capital, an Irish venture capital firm, spearheaded the funding round. It also saw participation from other notable investors, including OneStop Capital from the UK, the Webit Investment Network based in the USA, and Oraseya Capital, a Dubai Integrated Economic Zones Authority venture capital arm.
Founded in 2018 by Mohamed Algawish, Mustafa AbdelMon ’em, Ebrahim Youssef, and Mohamed Nabil, iSchool has been dedicated to delivering coding education. It targets students aged 6 to 18, offering engaging and interactive live classes incorporating gaming elements.
iSchool, an educational organization specializing in various tech subjects like artificial intelligence (AI), virtual reality (VR), web development, app development, and game development, has seen remarkable growth. This growth is evidenced by its collaboration with 35 schools, engaging over 26,000 active learners, delivering more than 100,000 training hours, and witnessing students’ creation of over 10,000 lines of code. This success has enabled iSchool to oversee significant national projects in Egypt, Saudi Arabia, and the UAE.
Expressing enthusiasm about the future, Algawish notes, “We are thrilled to have the support of numerous highly experienced and strategic investors. Their expertise is crucial for our imminent expansion and our ongoing projects managing national-level initiatives in Egypt, Saudi Arabia, and the United Arab Emirates.”
The recent funding boost will accelerate iSchool’s expansion into six additional MENA countries. It will also enhance the school’s presence in Ireland, aid its global outreach, and facilitate the establishment of new staff in Dublin.
Furthermore, this funding will enable iSchool to advance its online coding platform technologically. The investment will also support the expansion of its gamified online classroom software across Sub-Saharan Africa.
