Egyptian Edtech Startup Farid Secures $250,000 in Pre-Seed Funding

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

TLDR

Farid, an Egyptian edtech startup, secures $250,000 pre-seed funding from Saudi businesswoman Amal bint Abdulaziz Al-Ajlan.
Farid offers character education and mental health support for Arab children aged 3 to 18, with strategic partnerships with schools across Egypt.
Funding to expand platform, develop new content, and grow into Saudi Arabia and the UAE, aiming for 20,000 subscribers and 10,000 certified trainers by 2030.

Farid, an Egyptian edtech startup focused on character education and mental health for children, has secured $250,000 in pre-seed funding from Saudi businesswoman Amal bint Abdulaziz Al-Ajlan. The funding coincides with Farid’s new strategic partnerships with schools across Egypt.

Founded in 2024, Farid provides one-on-one sessions in character building and mental health support for Arab children aged 3 to 18, making it the first platform in the Middle East and North Africa to offer such services. The company also trains youth and graduates to become certified trainers in its educational and psychological methodology.

The investment will be used to expand Farid’s platform, develop new content, and expand into Saudi Arabia and the UAE. Farid plans to increase its subscriber base to 20,000 over the next two years, while training 10,000 graduates as certified trainers by 2030.

Key Takeaways

Farid’s innovative approach to personal skills development and mental health for children has attracted early investor interest. With its sights set on regional expansion into Saudi Arabia and the UAE, the startup aims to tap into the growing demand for education and well-being solutions in the Middle East and North Africa. Farid’s focus on character education and mental health support fills a critical gap in the region, positioning it as an attractive venture for investors looking to support educational innovation.

Venture Capital

Startups

Farid

Egypt

Edtech