Kouncel Secures $1.2M Pre-Seed Funding Round from Zaldi Capital

Kouncel Secures $1.2M Pre-Seed Funding Round from Zaldi Capital

Egypt-based online legal education platform, Kouncel, has secured $1.2 million pre-Seed round. The whole cash raised will be divided into two parts: $280,000 in banknotes and the remainder in in-kind services.

The round was led by Zaldi Capital. The African Development Bank (AFDB), the Academy for Scientific Research and Technology (ASRT), and Egypt’s entrepreneurial development project “Tanmia wa Tatweer” were also participants in the round.

Ibrahim Saleh founded Kouncel in 2020. Kouncel is the first online law education platform in the MENA region. It offer modern learning to lawyers and companies. For instance, the startup offers classes on areas such as arbitration, legal drafting, and intellectual property depending on different jurisdictions.

Ibrahim Saleh, founder and CEO of Kouncel spoke on the startup’s vision and the possible impact in the ecosystem.

“Education forms a key part of Egyptian Economic Vision 2030. Law plays an important role in creating a healthy environment for businesses and pushes FDIs forward. We aim to provide a highly sophisticated education experience to everyone in the legal field.

“Legal education has never been easier — discover various topics in the legal field and master law with Mena’s top counsels,” said Saleh.

The portal offers a variety of weekly learning sequences. Learning areas include: arbitration, legal drafting, corporate law, intellectual property, banking and non-banking law, and law for entrepreneurs. Each learning sequence is made up of short films interwoven with interactive learning exercises. Students are allowed to put what they’ve learned in the videos into practice right away.