Algerian Edtech Startup LabLabee Secures $3.4M Seed Funding

STARTUP VENTURE CAPITALSeptember 23, 2024 at 12:40 PM UTC

TLDR

Algerian edtech startup LabLabee secures $3.4 million in seed funding for 5G, cloud, and AI technologies expansion.
Backed by Reach Capital, Classera, Brighteye Ventures, and e& capital, with support from angel investors Cedric Sellin and Mohammed Husamaddin.
LabLabee, founded in 2021, focuses on network technology education, targeting EMEA growth and U.S. market entry via cloud provider collaborations (AWS, Azure, GCP).

LabLabee, an Algerian edtech startup focused on 5G, cloud, and AI technologies, has raised $3.4 million in seed funding to accelerate adoption across the telecommunications and industrial sectors.

The round was led by Reach Capital, with support from Classera, Brighteye Ventures, and e& capital. Prominent business angels Cedric Sellin and Mohammed Husamaddin also participated.

Founded in 2021, LabLabee provides hands-on learning experiences in network technologies. The startup plans to expand its footprint in the EMEA region and enter the U.S. market through partnerships with major cloud providers like AWS, Azure, and GCP.

Key Takeaways

LabLabee’s seed round underscores the rising demand for practical, skills-based training in 5G and cloud technologies. By offering hands-on labs for telecom professionals, the startup addresses critical skill gaps in cloud-native technologies like 5G, AI, and Kubernetes. With expansion plans targeting the U.S. market and partnerships with top cloud providers, LabLabee is positioned to play a pivotal role in advancing education and technology in the telecommunications sector globally.

Venture Capital

LabLabee

Reach Capital

Classera

Brighteye Ventures

e& capital

AWS

Azure

GCP

Algeria