Egyptian ed-tech startup Educatly has successfully raised a $2.5 million funding round to accelerate its growth and expansion. The investment, led by TLcom Capital and Plus VC with participation from Egypt Venture and Ireland’s HBAN syndicate, will fuel the development of Educatly’s platform and solidify its position in key markets across Africa, the Middle East, and Europe.
Founded in 2020 by Mohamed El-Sonbaty, Abdelrahman Ayman, and Joan Manuel, Educatly has rapidly grown into a leading global network for higher education. The platform basically empowers students by providing access to over 130,000 live university programs across 90 countries, enabling them to search, compare, and apply to their desired institutions. With a user base exceeding three million students and an ambitious target of reaching seven million by the end of 2024, Educatly is poised to revolutionize the higher education landscape furthermore.
The fresh capital injection will be instrumental in enhancing Educatly’s platform features, expanding its geographic reach, and strengthening its market position. The company plans to leverage the funding to further develop its technology, invest in talent acquisition, and solidify partnerships with universities and educational institutions worldwide.
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“We are thrilled to partner with such a strong group of investors who share our vision of democratizing access to higher education,” said Mohamed El-Sonbaty, CEO of Educatly. “This funding will enable us to scale our operations, expand our team, and deliver even greater value to students as they embark on their academic journeys.”
Educatly’s previous $1 million pre-seed round in November 2021 has significantly fueled growth and development. The company operates research and development centers in Cairo and Dubai, investing heavily in building a world-class digital platform that caters to the evolving needs of students globally.
