Edtech OTO Secures $400k investment from EdVentures
Egyptian Edtech startup OTO has announced it secured $400k from Egypt and the Arab world; EdVentures.
OTO was founded in 2015 by Ahmed Badr and Tarek Nour, to bridge the gap between traditional education and what the market needs.
The platform has been able to provide distant educational services through its electronic platform, allowing learners leverage to choose the session dates that suit them, and the opportunity to communicate directly with the lecturers.
OTO claims it has delivered 350,000 hours online to more than 15,000 learners while working with more than 150 teachers/lecturers.
Launched in 2017 by Nahdet Misr Publishing House, EdVentures supports and invests in startups specializing in education, culture, and innovative learning solutions in Seed and pre-Series A rounds focusing on Egypt, Africa, and the Arab World.
“We are delighted to continue our support for OTO, which has proven its success over the years. Its founders have succeeded in regularly upgrading the platform to improve the effectiveness of its services. Our investment comes today to assist OTO in extending the provision of high-quality distance learning services to thousands of learners.” said Dalia Ibrahim, CEO, and Founder of EdVentures, regarding this investment.
The co-founder and CEO of OTO Courses, Tarek Nour El-Din, said: “We, at OTO, seek to be a leading platform for online learning in Egypt and the Middle East, and to provide high-quality services and avail them to everyone.”
Ahmed Badr, the co-founder, and CCO of OTO also added that the startup will play a key role in educating children and youth in the Arab world through the provision of the latest edtech.
This investment aims to develop the company’s platform and further expand its services to include a larger segment of users, especially middle and secondary school students, by delivering educational programs in a variety of areas/subjects. This, in turn, will reflect on the educational experience that the students get.