Grace Ashiru
iSchool, an Egyptian educational technology company, has secured $4.5 million in a recent funding round led by VentureWave Capital. The funding round garnered support from notable investors, including OneStop Capital U.K., Website Investment Network, and Oraseya Capital, the Venture Capital arm of the Dubai Integrated Economic Zones Authority.
Company Overview
iSchool, an educational technology company based in Egypt, has secured $4.5 million in a recent funding round, with VentureWave Capital leading the investment. Notable backers include OneStop Capital U.K., Website Investment Network, and Oraseya Capital, the Venture Capital arm of the Dubai Integrated Economic Zones Authority.
Rapid Growth and Unique Approach
iSchool’s innovative approach, seamlessly integrating live instruction, gamification, and international accreditation, has propelled its rapid expansion. Initially addressing the dearth of technology education in the MENA region, iSchool boasts an impressive 72% customer retention month after month. The company has engaged with 35 schools, overseeing national-level initiatives in Egypt, Saudi Arabia, and the United Arab Emirates, with a substantial presence of over 26,000 live learners and a cumulative delivery of more than 1,000,000 training hours.
Global Expansion Plans
Empowered by the latest funding, iSchool is set to broaden its presence across six more countries in the MENA region. The financial boost will also facilitate the technological expansion of the ‘Online Coding Platform’ and enable the extension of its gamified online classroom app service throughout Sub-Saharan Africa.
Global Presence and Team Expansion
Empowered by the latest funding, iSchool is set to broaden its presence across six more countries in the MENA region. The injected capital will also facilitate the technological scaling of the ‘Online Coding Platform’ and enable the expansion of its gamified online classroom app service across Sub-Saharan Africa.
Founder’s Vision
Muhammad Gawish, co-founder and CEO of iSchool, articulated his vision: “We aspire to empower the current generation to evolve into future technology leaders, commencing in the Middle East and Africa and subsequently expanding globally. Leveraging dynamic technology and a comprehensive grasp of the entire live class process, we are transforming a basic concept into a product poised to enhance the lives of millions.
Investor Enthusiasm
Kieran McLoughlin, Managing Partner at VentureWave Capital, commended iSchool for its profound impact on education in the Middle East and Africa. He emphasized, “This investment perfectly aligns with our mission to drive social progress by supporting transformative entrepreneurs. We’re thrilled to contribute to iSchool’s ambitious plans to extend their unique educational model to new markets and empower the next generation of tech leaders.”
The significant funding secured by iSchool highlights the growing significance of innovative education technology on the global stage, especially in regions with limited access to quality tech education. As iSchool prepares for expansion, all eyes are on the company to persist in transforming the educational experience for numerous students across the Middle East, Africa, and beyond.
