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Wednesday, 12 June 2019

Orcas raises USD 500k in Algebra-led pre-Series A funding round

INVESTMENT WATCH- Orcas raises USD 500k in Algebra-led pre-Series A funding round: Egyptian edtech startup Orcas has raised USD 500,000 in a pre-Series A funding round led by our friends at Algebra Ventures, the company announced in a statement (pdf). San Francisco-based VC fund NFX Capital participated in the funding round, the company said, without revealing the size of its investment. Orcas provides an app-based platform for students and parents to connect with verified, user-rated tutors and babysitters. The company currently has 20k students registered on the app and is active in Cairo, Alexandria, El Gouna and the North Coast. Orcas is Algebra’s second investment in a learning platform in the Middle East after backing Little Thinking Minds in 2018. NFX Capital is a VC fund backed by our friends at CIRA; it has invested in portfolio companies in the US, India, China, Turkey, and Saudi Arabia.

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