Introduction

Egyptian startup Educatly, a leading global network in higher education, has successfully raised $2.5 million to enhance its product and strengthen its presence in key markets including Egypt, Saudi Arabia, the UAE, Nigeria, Kenya, and Ireland.

Democratizing Higher Education Access

Founded in 2020 by Mohamed El-Sonbaty, Abdelrahman Ayman, and Joan Manuel, Educatly aims to democratize access to higher education. The platform allows students to search, compare, and apply to over 130,000 higher education opportunities from more than 1,100 universities across 90 countries.

Growing Student Base

With over three million students currently using the platform, Educatly has set an ambitious target to reach seven million students by the end of 2024. The recent $2.5 million funding round will support this goal, enabling further development and market expansion.

Strategic Investment Partners

The funding round was led by TLcom Capital and Plus VC, with contributions from Egypt Venture and Ireland’s HBAN syndicate. This investment will drive Educatly's growth and operational expansion in Africa and the Middle East.

CEO's Vision

“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,” said Mohamed El-Sonbaty, CEO of Educatly. “Today, we are proud to receive this new investment, which reaffirms our commitment to our vision and strategic goals through an ambitious plan aimed at increasing growth and expanding our operations. It will also enhance the services we provide to reach more students around the world and help them achieve their goals.”

Pre-Seed Round and R&D Centers

Educatly previously raised $1 million in a pre-seed funding round in November 2021. The startup has established research and development centers in Cairo and Dubai, investing $500,000 annually to develop a digital platform that meets global standards. These centers focus on enabling students to seamlessly access a variety of tailored services.

Future Prospects

With the new funding, Educatly is poised to expand its operations significantly in Africa and the Middle East. The startup aims to enhance its services to reach a broader student base, helping more individuals achieve their educational aspirations.