PRESSR: Nahdet Misr Entrepreneurship EdVentures announces the features of its new investment plan in the Arab region
Nahdet Misr for Entrepreneurship (EdVentures), the investment arm of Nahdet Misr Group of Companies, one of the largest institutions operating in the education sector in the Middle East, announced pumping new investments into the company in the Arab world, on the sidelines of the GITEX Global Exhibition and Conference, which is being held. From 16 to 20 October at the World Trade Center in Dubai.
EdVenutures has announced its new investment round worth $400,000 with Carfty Workshop, an Egyptian company specializing in supporting handicrafts through its educational electronic platform through which it offers courses, training programs, and workshops in various fields and diverse creative crafts. Such as: crafts, design, photography, programming, game development and animation. This is EdVentures' second investment round in Krafty.
Commenting on this statement, Dalia Ibrahim, Chairwoman of the Board of Directors of Nahdet Misr Publishing and EdVentures Foundation, said, “Our strategic goal is to enhance the field of educational technology and build the capabilities of our Arab people by supporting entrepreneurs specialized in this vital sector.”
Ibrahim continued: “We have succeeded in supporting 76 startup companies and entrepreneurs and invested in 14 companies in the Arab world whose current market value has reached $100 million. These companies work in various fields of education such as: e-learning services, and STEAM-based education programs, especially programming.” coding, career guidance and training, training and qualification programs for young people to enter the labor market, technical education and vocational qualification programmes, and training programs to support and empower women.”
She added: “We work together as Nahdet Misr companies and the startups supported by EdVentures in an integrated manner to provide the best and latest in the education sector to meet the various requirements of all groups and then enhance the educational process in general and shape a better future for youth and future generations.”
Dalia Ibrahim explained that the developed world is witnessing a revolution in education and the use of artificial intelligence, and lifelong sustainable education has become the prevailing trend, which is what Nahdet Misr and EdVentures have realized, and she stressed the company’s commitment to continuing and expanding investment in educational technology to keep pace with that revolution.
It should be noted that EdVentures is preparing to announce a new investment round in the Egyptian company Sprints, which is the first of its kind in providing various educational services and programs to bridge the technical skills gap. Sprints offers an individual educational journey that is individually designed for each learner to ensure that they obtain good jobs with high salaries, and it also supports its graduates in all steps of their career growth. This is also the second time that EdVentures has invested in Sprints.
The startups supported by EdVentures continue to grow and expand in the Arab region. Four of them received new investments from Saudi and international investors because of their great influence in developing the education sector in its various fields. These companies are OBM, an Egyptian company specialized in providing training and qualification programs for young people, career counseling services, and guidance for school students to choose universities and various specializations. In addition, To the Egyptian company “Akhdar”, which is concerned with providing summaries of cultural books through its electronic application, and the Saudi company “Jeel”, which provides an educational and entertaining electronic application intended for children, in addition to the emerging company “iSchool”, which is a platform that provides the latest educational technologies for young students. STEAM-based parallel learning for children ages 6 to 18. The STEAM program includes learning objectives, projects, activities, certificates, and competitions all tailored to the student's age.
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