Egypt-based edtech, Sprints raises $1.2M in Alexandria Angels Network-led Series A round
Sprints, an Egypt-based edtech start-up, that specializes in giving youth from the Middle East and Africa region a customized learning journey to advance their career in software development has raised $1.2 million in a Series A funding round led by the Alexandria Angels Network, with participation from members of MED Angels and AUC Angels, Cubit Ventures, Challenge Fund, EdVentures, Falak Startups, and Cairo Angels.
Founded in 2019 by Ayman Bazraa and Bassam Sharkawy, Sprints is a tech-enabled talent support start-up that is committed to providing a comprehensive solution to bridge the skill gap and provide local talents in the software development sector, from assessing talent pools, offering a customized learning journey, job placement assistance, and post-graduation career progression.
Sprints which describes itself as the “first end-to-end solution” to bridge the tech talent gap, offers guaranteed placement programs that benefit all graduates, and the value of the training programs is paid in installments without interest.
“Over the past two years, the company has successfully delivered 20,000 learning experiences. The company aims to revolutionize the technology sector by raising skills and employing one million young people,” Ayman Bazraa, co-founder and CEO of Sprints, said.
The edtech start-up is a direct response to the threat to job security posed by the rise of Artificial Intelligence (AI) to millions of human jobs. Sprints believe there is a better way to approach education and bridge the gap of skills in the market, it aspires to unleash the potential of 1 Million curious learners by developing the required skills for the AI era.
Its approach is equally market-driven; “we keep up with the daily updates and the market’s requirements allowing us to frequently evolve and attain. Adding to our belief that change must involve all stakeholders, we partner with universities, e-learning providers, hiring platforms, and leading tech-companies to deliver a unique learning experience that creates a techie who is resourceful, gritty, people-oriented, technical guru, and business acumen,” Sprints explained on its site.