Egypt’s EdTech Educatly Raises USD 2.5 M

Egypt-based edtech startup Educatly has raised USD 2.5 M round led by TLcom Capital and Plus VC. The round also saw participation from Egypt Ventures and the HBAN syndicate (Ireland).

Educatly was established in 2020 by Mohamed ElSonbaty, Abdelrahman Ayman, and Joan Manuel. It offers comprehensive information on schools and universities globally, including details on programs and scholarships. Educatly uses advanced artificial intelligence (AI) and large language models (LLM) to verify the accuracy of information, enabling students to make well-informed decisions.

The company also provides financial support through various instalment systems in collaboration with its partners to help students access educational programs based on their needs. The startup claims to have reached over 3 million students and aims to increase this number to approximately 7 million by the end of 2024.