Sprints – an EdTech startup in Cairo – successfully raised $ 1.2 million in one seed round.
The round of funding was led by the Alexandria Angels Network, as well as participating members of MED Angels and other investors such as AUC Angels, Cubit Ventures, Challenge Fund, EdVentures, Falak Start-ups, Angels Cairo.
Sprints is the first final solution to fill the technological talent gap. From evaluating talent resources, delivering custom-made study tours, guaranteeing lucrative jobs and supporting the professional development of their graduates; Sprints is the only EdTech startup in MEA that offers guaranteed hire programs. Graduates are paid only after successful employment with a 0% interest payment for three years.
Founded in 2019 by Ayman Bazaraa and Bassam Sharkavi, Sprints aims to target young people between the ages of 18 and 35 who want to start or advance their software careers at MEA, with an unemployment rate of 31%.
Sprints offers its applications through comprehensive use
a learning approach that allows students to meet role clients, gather design requirements, and present software products on a weekly basis. This learning experience mimics the real business environment and acts as a sandbox for learners to acquire technical and business skills.
Through this unique learning adventure, Sprints grows
exponential pace through the leadership of a new generation of talent to transform the technology industry in MEA.
Ayman Bazaraa – Founder and CEO of Sprints – said: “I am very proud to have witnessed the speed and achievements of the Sprints team over the last two years. Together, we have managed to conduct 20,000 training experiments, resulting in more than 80% of the level jobs. Over the next three years, we aim to revolutionize technology by improving the skills and employment of 1 million young people. “
“Although technology has changed many areas, it has not yet done so in education. Before COVID-19, most startups were no different than they had been in previous decades. Now, EdTech startups promise scalable, low-cost, flexible, and personalized learning experiences.
“Sprints is an exciting example of a startup that paves the way for the future of education and job creation in the region, and we at Alex Angels are proud to be a leader alongside renowned investors AUC Angels and Cairo in this era. and Falak Start-ups.
© 2022 Daily News Egypt. Submitted by SyndiGate Media Inc. (Syndigate.info).