• Mucrunch
  • Posts
  • Egyptian Edtech Startup Sprints.ai Secures $3 Million to Fuel Expansion

Egyptian Edtech Startup Sprints.ai Secures $3 Million to Fuel Expansion

Author

Mucrunch
March 27, 2024

If you are reading this from our website, you should join others who have subscribed to get quality tech updates in your box.

Sprints.ai, an Egyptian AI-powered education technology company (edtech), has closed a $3 million bridge funding round. This round was led by Disruptech Ventures, with participation from EdVentures, CFYE, and other investors.

Funding Objectives:

  • ed-techMarket Expansion: The fresh capital will propel Sprints' expansion plans into ten new markets.

  • Growth and Scale: The funding will also be directed towards accelerating Sprints' growth trajectory.

  • Skilling the Workforce: Sprints aims to equip over 200,000 learners with in-demand tech skills to excel in the job market.

  • Founded: 2020 (by Ayman Bazaraa and Bassam Sharkawy)

  • Services: Talent assessment, personalized learning journeys, and job placement assistance.

  • Self-proclaimed Status: First edtech company in MENA to offer such solutions.

  • Team Strength: Over 100 employees and 300 trainers across 12 countries.

  • Track Record: Delivered over 2.5 million learning hours and helped over 300 tech professionals secure jobs globally.

  • Learning Programs: Agile-based programs focused on developing tech talent in AI, data science, mobile development, web development, IoT, cloud computing, and cybersecurity.

  • Long-Term Goal: Educate one billion learners within ten years.

  • Clientele: Governments across Egypt, Saudi Arabia, UAE, Netherlands, Germany, USA, and some UN organizations (for tech talent development initiatives).

MTN, others sued by NCC

Previous Funding:

  • April 2022: Secured $1.2 million in seed funding led by Alexandria Angels Network and MED Angels.

This bridge round positions Sprints.ai for significant growth and expansion in the edtech landscape. By empowering individuals with relevant tech skills and partnering with governments and organizations, Sprints.ai aims to bridge the tech talent gap on a global scale.

If you are reading this from our website, you should join others who have subscribed to get quality tech updates in your box.