iSchool, an Egyptian edtech company, recently closed a $4.5 million funding round led by VentureWave Capital. The investment attracted support from key investors, including OneStop Capital U.K., Website Investment Network, and Oraseya Capital, the Venture Capital arm of the Dubai Integrated Economic Zones Authority.
Company Overview:
iSchool, an edtech firm based in Egypt, has successfully raised $4.5 million in a recent funding round, with VentureWave Capital taking the lead. Prominent backers include OneStop Capital U.K., Website Investment Network, and Oraseya Capital.
Rapid Growth and Distinctive Approach:
iSchool’s rapid expansion is fueled by its innovative strategy, seamlessly blending live instruction, gamification, and international accreditation. Initially addressing the lack of technology education in the MENA region, iSchool boasts an impressive 72% customer retention month after month. Engaging with 35 schools, the company oversees national-level initiatives in Egypt, Saudi Arabia, and the United Arab Emirates, with a substantial presence of over 26,000 live learners and a cumulative delivery of more than 1,000,000 training hours.
Global Expansion Plans:
Empowered by the latest funding, iSchool is poised to extend its footprint across six additional countries in the MENA region. The financial injection will also drive the technological scaling of the ‘Online Coding Platform’ and facilitate the expansion of its gamified online classroom app service throughout Sub-Saharan Africa.
Global Presence and Team Expansion:
Fueled by the recent funding, iSchool is set to broaden its reach across six more countries in the MENA region. The injected capital will also facilitate the technological scaling of the ‘Online Coding Platform’ and enable the expansion of its gamified online classroom app service across Sub-Saharan Africa.
Founder’s Vision:
Muhammad Gawish, co-founder and CEO of iSchool, shared his vision: “We aspire to empower the current generation to evolve into future technology leaders, commencing in the Middle East and Africa and subsequently expanding globally. Leveraging dynamic technology and a comprehensive grasp of the entire live class process, we are transforming a basic concept into a product poised to enhance the lives of millions.”
Investor Enthusiasm:
Kieran McLoughlin, Managing Partner at VentureWave Capital, commended iSchool for its profound impact on education in the Middle East and Africa. He emphasized, “This investment perfectly aligns with our mission to drive social progress by supporting transformative entrepreneurs. We’re thrilled to contribute to iSchool’s ambitious plans to extend their unique educational model to new markets and empower the next generation of tech leaders.”
The substantial funding secured by iSchool underscores the growing importance of innovative education technology on the global stage, especially in regions with limited access to quality tech education. As iSchool gears up for expansion, all eyes are on the company to persist in transforming the educational experience for numerous students across the Middle East, Africa, and beyond.
Source: Afrikan Heroes