Enterprise Ireland, Fala Startups, and other angel investors have invested $1 million in Educatly, an Egyptian edtech firm. Prior to the platform’s launch in late 2020, a pre-Seed round will be held.
Educatly is an educational technology platform that allows students to search, compare, and apply to over 120,00 live and current higher education options throughout the world.
The site has grown to over 100,000 users from 190 countries, with over 500,000 programs viewed since its launch in 2020.
Mohamed ElSonbaty, Abdelrahman Ayman, and Joan Manuel launched Educatly with the goal of assisting students in getting into the colleges of their choice.
Educatly democratizes higher education access by allowing students to connect with themselves, search, compare and apply to over 120,000 live and up-to-date higher education opportunities around the world.
The firm now wants to use the pre-seed capital to grow its product, expand its workforce, and ramp up sales and marketing efforts, with over 100,000 users from 190 countries globally.
The company claims to be revolutionizing education in the same way that LinkedIn revolutionized the job market.
“At the same time, COVID-19 has placed great pressure on institutions to digitize not just their educational programs, but also the manner they offer them and communicate with prospective students,” Joan Manuel, Co-Founder, and Chief Commercial Officer, said.
While the world has seen tremendous progress in digital transformation across all sectors, the startup is especially concerned about the global education ecosystem, which is fragmented and heavily reliant on infrastructure built decades ago that no longer fits the current operation, which has a number of negative consequences for how transparent and effective people access their lifelong learning.
Students, according to Abdelrahman Ayman, Co-Founder and COO, desire unfettered access to all relevant options as well as as much individualized counseling as possible to help them make the best decision.
Individuals may search the most up-to-date database in the world, with over 120.000 higher education possibilities, at educatly.com, and filter results based on their profiles and preferences to locate the programs that are most relevant to them, he says.