More
    HomeEcosystem NewsNORTHERN AFRICAEgypt-based EdTech Sprints.ai Raises $3 Million to Bridge Tech Talent Gap

    Egypt-based EdTech Sprints.ai Raises $3 Million to Bridge Tech Talent Gap

    Published on

    spot_img

    Egypt-based educational technology startup Sprints AI has secured a $3 million bridge round of funding, led by Disruptech Ventures, signaling a significant step forward in addressing the tech talent shortage in the Middle East and Africa (MEA) region. The investment, which also includes contributions from EdVentures and CFYE, among others, underscores the growing recognition of Sprints’ innovative approach to preparing qualified talent for the rapidly evolving labor market.

    Established in 2020 by Ayman Bazaraa and Bassam Sharkawy, Sprints is dedicated to bridging the gap between the demand for skilled tech professionals and the available talent pool in the MEA region. The startup offers an end-to-end platform that includes talent assessment, customized learning journeys, and a unique job guarantee program, ensuring that graduates are equipped with the necessary skills to secure high-paying positions in the tech industry.

    Since its inception, Sprints has made significant strides in revolutionizing education through AI-powered solutions. With over 2.5 million learning hours delivered and partnerships with more than 300 tech employers worldwide, the startup has demonstrated its commitment to preparing learners for the jobs of the future.

    Speaking on the latest funding round, Ayman Bazaraa, CEO of Sprints, expressed his gratitude for the support received from investors and highlighted the company’s ambitious mission to educate 1 billion learners within the next decade. He emphasized the dedication of Sprints’ team in driving innovation and reshaping the educational landscape through technology.

    Yehia Abouelwafa, co-founder and chief investment officer at Disruptech Ventures, commended Sprints for its comprehensive approach to addressing the growth challenges faced by companies and governments in the region. He underscored the importance of investing in talent development to meet the demands of digital economies, expressing confidence in Sprints’ ability to drive meaningful impact.

    With an impressive program rating of 4.8 and a track record of delivering over 52,000 learning experiences, Sprints has gained recognition both locally and internationally. The startup has collaborated with governments and key organizations to deploy initiatives aimed at nurturing tech talent and fostering employment opportunities.

    The latest funding round will enable Sprints to accelerate its expansion plans, with the startup set to enter 10 new markets. This strategic move not only aims to bridge the regional talent gap but also positions the MEA region as a hub for tech talent development. By equipping over 200,000 learners with essential skills, Sprints aims to empower individuals to thrive in the rapidly evolving tech landscape.

    As Sprints continues to make strides in reshaping education and preparing learners for the future, the startup’s latest funding milestone signals a promising chapter in its journey towards driving meaningful impact in the MEA region and beyond.

    Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert. As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard.

    Latest articles

    $500K Up for Grabs: Moroccan Diaspora’s MFounders Targets High-Potential Startups

    The club will focus on startups requiring initial funding between $50,000 and $500,000, addressing a critical need in the funding landscape for early-stage ventures.

    Nigerian Stocks Go Mobile: NGX Invest Opens Stock Market to Everyone

    The platform’s launch is timely, coinciding with the Central Bank of Nigeria’s (CBN) recapitalization directive, which has spurred numerous offers for subscription and rights announcements by Nigerian banks.

    South African Safetech Startup AURA Raises $1.1M Bridge Round to Democratize Safety

    The technology platform enables users to access the nearest vetted private security and medical response units through connected devices.

    Fuzé Investment Series: Togolese Media Startup Makifaa Secures Funding

    Founded in in 2023 by Doris DJAGLO and Jean Pignan, Makifaa’s unique approach blends the creative talents of local photographers with cutting-edge artificial intelligence (AI) to deliver personalized media solutions within an impressive 48-hour timeframe.

    More like this

    $500K Up for Grabs: Moroccan Diaspora’s MFounders Targets High-Potential Startups

    The club will focus on startups requiring initial funding between $50,000 and $500,000, addressing a critical need in the funding landscape for early-stage ventures.

    Nigerian Stocks Go Mobile: NGX Invest Opens Stock Market to Everyone

    The platform’s launch is timely, coinciding with the Central Bank of Nigeria’s (CBN) recapitalization directive, which has spurred numerous offers for subscription and rights announcements by Nigerian banks.

    South African Safetech Startup AURA Raises $1.1M Bridge Round to Democratize Safety

    The technology platform enables users to access the nearest vetted private security and medical response units through connected devices.