Educatly, an Egypt-based education technology startup that provides learning opportunities and educational networking, has raised $1 million in pre-seed funding from Falak Startups, Enterprise Ireland along with a group of angel investors.
Founded in 2020 by Mohamed ElSonbaty, Abdelrahman Ayman, and Joan Manuel, Educatly democratizes access to higher education opportunities by helping students get into the university of their dreams. It aspires to give every student transparent access and guidance to what the world of education has to offer, and its vision is to be able to tap into the entire student educational journey and help through technology to facilitate their experience in the best way possible.
Educatly's mission is to create connections that represent real-world learning relationships. Leveraging the power of technology to connect all educational stakeholders in a digital environment, the startup aspires to build the world's most comprehensive educational network to showcase all schools/colleges, programs as well as scholarships, language courses, professors, students, and alumni. Educatly enables educational institutions to post their programs, and students to post their educational curriculum for the benefit of both parties.
Mohammed El Sonbaty, Founder and CEO of Educatly, said,
"The challenge Educatly addresses affects millions of students and educators globally. In the last few decades, the world has seen an incredible speed in digital transformation across every sector, however, some of those sectors are lacking behind this speed, and we are concerned about education as the global education ecosystems is fragmented and largely dependent on infrastructure we built ages ago which no longer fits the way we operate today and that has a lot of negative implications in how transparent but also efficient people access their lifelong learnings."
With the fresh investment, Educatly hopes to achieve its growth plans faster by integrating new technologies like AI and Blockchain that will lead to maximizing the value it offers to its customers. The company also plans to develop its product, bring core team members, and scale its marketing and sales operations.
Abdelrahman Ayman, Co-founder & COO of Educately, added,
"Students want to have transparent access to all relevant opportunities out there while getting as personalized support as possible to reach the best possible decision. At educatly.com, users can browse through the largest up-to-date database globally with more than 120,000 higher education opportunities worldwide and filter according to their profile and preferences to find the programs most relevant for them. We leverage the latest technologies to narrow down the most relevant programs to support the decision-making process for them and offer personalized support through our network of consultants and ambassadors."
Educatly was relying on bootstrapping until it closed the pre-seed round. During this period, the startup had impressive traction, and has onboarded more than 450 schools to work with around the globe, in addition to over 45,000 student profiles on the platform. Since the launch, the platform's user base has grown to over 100,000 users from 190 countries worldwide, with around half a million programs viewed.