Egyptian Edtech startup iSchool has announced it raised $160k in pre-seed funding to develop an online platform, expand its offerings and expand across the Middle East and North Africa (MENA) region. The investment comes from EdVentures, the venture capital arm of Egypt’s Nahdet Misr Publishing Group.
iSchool was founded in 2018, by Mohamed Algawish, Mustafa AbdelMon’em, Ebrahim Youssef, and Mohamed Nabil, and has since offered STEAM-based learning experiences for children aged between six and 18.
iSchool aims at delivering insights on software development, artificial intelligence, big data, robotics, IoT, and multimedia. Its STEAM program includes learning objectives, milestones, projects, activities, certificates, and competitions, all customized to fit the learner’s age, the startup has trained more than 7,500 students in six different countries since its inception.
Mohamed Algawish speaking on the fund said that the startup is glad that the investors thought it fit to invest in their vision in accelerating innovation.
“Creating a new generation of innovative leaders has always been our vision from day one. We are glad that a leading company in the field of education, such as Nahdet Misr and its arm EdVentures, is sharing the same vision we have. Their investment and support will accelerate our growth to develop and expand our services in more countries” said Algawish.
iSchool intends to use the investment to develop an online platform to widen its services in Egypt and across the region.
“In our ever-changing world, it is quite crucial to equip our youth with different skills and knowledge enabling them to become innovators. Such skills are acquired through STEAM education. iSchool will help us empower more students by developing their critical thinking skills and setting them up for future success,” said Dalia Ibrahim, chief executive officer (CEO) and founder of EdVentures.