Orcas, an Egyptian ed-tech startup, has raised a pre-Series A funding round of $2.1 million as it plans to expand into Pakistan in the coming months.
After financing US$2.1 million in a round co-led by CIRA’s NFX Ventures and Access Bridge Ventures, the firm is now moving to Pakistan. Algebra Ventures, Launch Africa Ventures, Cairo Angels Syndicate Fund, and Seedstars International were also present.
Orcas, co-founded by Hossam Taher and Amira El Gharib in 2019, offers live one-on-one tutoring sessions to K-12 students, both online and in person. To supplement the learning experience, it also offers self-paced learning environments.
“Today’s learners have a variety of needs that Edtech companies must meet. As a result, we’ve evolved into a learning platform that provides a full range of teacher-led and self-paced learning environments, according to Taher.
The investment in Orcas, according to Aly El Shalakany, CEO of the Cairo Angels Syndicate Fund, contained everything the fund was designed for.
“The fund was created to double down and invest in our top-performing startups, as well as continue to support brilliant founders like Hossam and Amira in their efforts to build great companies.” “We are very proud of Orcas’ performance to date, and we are confident that with this latest investment, they will continue to be market leaders in the space, allowing them to add more exciting educational solutions using cutting-edge technology and bring these products to new markets,” Shalakany said.
We will be able to continue to improve our technological product, acquire the best personnel, and expand to other locations in MENAP with the money,” Taher said.
Read more on Tech Gist Africa:
Orda, a Nigerian restaurant management startup, has raised $1.1 million in pre-seed funding
