Egypt’s iSchool bags $4.5m for global expansion
Egypt-based edtech company iSchool has raised $4.5 million in a funding round led by VentureWave Capital, an Irish venture capital firm. Other contributors to the funding round include OneStop Capital UK, Webit Investment Network, and Oraseya Capital, the venture capital arm of the Dubai Integrated Economic Zones Authority.
Founded in 2018, iSchool specializes in providing live gamified classes led by coding instructors for students aged six to 18. The curriculum covers a wide range of topics, including AI, VR, app development, game development, and web development.
The newly secured funding will be utilized to expedite iSchool's expansion plans into six additional countries within the MENA (Middle East and North Africa) region. Additionally, the funds will support technological scaling for the online coding platform and pave the way for the extension of its gamified online classroom app service throughout Sub-Saharan Africa.
Key Takeaways
iSchool's journey commenced in 2018 as a response to the educational challenges faced by 100 million students lacking access to technology education curricula or programs in the MENA region. As of today, it reportedly boasts a community of over 26,000 live learners, delivering more than 1,000,000 training hours. The students have collectively written over 10,000,000 lines of code. iSchool collaborates with 35 schools, providing technical training and computer science labs, leading to the management of national-level initiatives in Egypt, Saudi Arabia, and the UAE. Building on these significant milestones, iSchool Holdings has expanded its presence to Ireland, marking a strategic move towards global scalability. The company is set to establish a new team in Dublin to support its continued growth and outreach efforts.
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