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Sunday, 21 November 2021

Edtech startup Educatly closed a USD 1 mn pre-seed round

Edtech outfit Educatly closed a USD 1 mn pre-seed funding round from Irish state development lender Enterprise Ireland, Falak Startups and a group of angel investors, the company said in a press release last week. The company will use the investment to integrate new tech including AI and blockchain into its platform, double down on marketing efforts, and recruit new hires.

What does Educatly do? Launched in 2020, Educatly’s online platform acts as a “Linkedin” for higher education, allowing users to search through and compare over 120k universities, schools programs and scholarships around the globe, while providing live application assistance through consultants and education ambassadors. Universities and schools can also post their programs and source enrolments through the platform, providing Educatly with success fees upon each student enrollment. The platform currently has over 100k users and 400 partnerships with colleges and universities.

Expect to hear more edtech investment round announcements before year’s end: This marks the third edtech investment in Egypt this month by our count, with VC firm EdVentures closing two of those rounds with OTO Courses and Career 180. EdVentures’ General Manager Maged Harby told Enterprise earlier that we can expect at least one more investment round from the firm this year.

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