Grace Ashiru
Educatly, a prominent global network in higher education, has secured $2.5 million in new funding from TLcom Capital and Plus VC. The investment round also saw participation from Egypt Venture (Egypt) and the HBAN syndicate (Ireland).
Founded in 2020, Educatly is committed to helping students navigate critical decisions about which subjects to study and where to pursue their education, ultimately ensuring a bright professional future. The platform provides extensive information on a wide array of schools and universities around the world, along with various programs and scholarship opportunities.
Educatly leverages cutting-edge artificial intelligence (AI) and large language models (LLM) to ensure the accuracy of its information, empowering students to make well-informed decisions. The platform also streamlines interactions between universities and students, and currently partners with over 1,100 universities across 90 countries globally.
Engineer Mohammed El-Sonbaty, Founder and CEO of Educatly, commented, “Today’s announcement is a significant milestone for Educatly. When we initially launched Educatly, our goal was to close the gap between students’ educational needs and the available opportunities that align with their capabilities and aspirations. Today, we are thrilled to secure this new investment, which underscores our dedication to advancing our vision and strategic objectives through an ambitious plan to drive growth and expand our operations in Africa and the Middle East. This will also enhance our services, allowing us to reach more students worldwide and support them in achieving their educational goals.”
Educatly has witnessed rapid and substantial growth, particularly following its recent announcement of securing $1 million in a pre-seed funding round. This round featured participation from Enterprise Ireland, Falak Startups, and other investors. The funding came after the platform’s launch in late 2020. Additionally, Educatly operates research and development centers in Cairo and Dubai, with an annual investment of $500K to develop a digital platform that meets international standards. This platform provides students with access to a range of customized services in a streamlined manner.
This funding not only underscores Educatly’s achievements but also reinforces its strong presence in the Middle East and Africa, covering key markets such as Egypt, Saudi Arabia, the United Arab Emirates, Nigeria, Kenya, and Ireland.
