Educatly, a leading global network in higher education, has received $2.5 million in new funding from TLcom Capital and Plus VC.
Egypt Venture (Egypt) and the HBAN syndicate (Ireland) also participated in the round.
Educatly, which was founded in 2020, is dedicated to assisting students in addressing the most critical concerns regarding the subjects and locations to be studied to secure a promising professional future.
The platform offers comprehensive information on a broad range of schools and universities worldwide, as well as a variety of programs and scholarships.
Educatly utilizes advanced artificial intelligence (AI) and large language models (LLM) to guarantee the precision of the information, thereby enabling students to make well-informed decisions. In addition, Educatly facilitates the seamless interaction between universities and students, and the platform currently boasts more than 1,100 universities in 90 countries worldwide.
Engineer Mohmmed El-Sonbaty, Founder and CEO of Educatly, stated, “Today’s announcement marks a significant milestone for Educatly. When we first launched Educatly, our aim was to bridge the gap between students’ educational needs and the available educational opportunities to align with their capabilities and ambitions. Today, we are proud to receive this new investment, which reaffirms our commitment to continue working towards our vision and strategic goals through an ambitious plan aimed at increasing growth and expanding our operations in Africa and the Middle East. It will also enhance the services we provide to reach more students around the world and help them achieve their goals.”
It is important to mention that Educatly has experienced rapid and significant growth, particularly in the wake of its recent announcement that it had secured $1 million in a pre-seed funding round. This round included the participation of Enterprise Ireland, Falak Startups, and other investors. This funding was received subsequent to the platform’s debut in late 2020. Educatly also maintains research and development centers in Cairo and Dubai, where it invests a total of $500K annually to create a digital platform that adheres to international standards, thereby allowing students to access a variety of customized services in a seamless manner.
The funding is not only a testament to the company’s accomplishments but also a confirmation of its presence in the Middle East and Africa, which includes critical markets such as Egypt, Saudi Arabia, the United Arab Emirates, Nigeria, Kenya, and Ireland.
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