Sprints, an Egyptian ed-tech firm, has acquired a seed investment round of US $1.2 million to help it grow its platform across the Middle East and Africa.
Sprints is an end-to-end solution for bridging the tech talent gap, co-founded by Ayman Bazaraa and Bassam Sharkawy in 2019. It assesses talent pools, delivers a customised learning path, and supports its alumni’s career advancement.
The firm provides guaranteed employment programmes, with graduates paying only if they are hired, with no interest payments for three years. Sprints uses a comprehensive learning method to deliver its programmes, allowing students to interact with role-played clients, gather design requirements, and create software products on a weekly basis.
This learning experience mimics a real-world corporate setting and serves as a sandbox for students to practice technical and business skills.
Alexandria Angels Network and MED Angels led the $1.2 million seed fundraising round, which also included AUC Angels, Cubit Ventures, Challenge Fund, EdVentures, Falak Startups, and Cairo Angels.
“I’m very proud to witness the growth rate and achievements of Sprints’ team over the past two years. Together, we succeeded in delivering 20,000 learning experiences, resulting in more than 80 percent employment rates. Over the upcoming three years, we target to revolutionize the tech sector by upskilling and employing one million youth,” said Bazaraa.
Technology has yet to alter education, according to Tarek Elkady, founder and chairman of Alex Angels and MED Angels.
“Before COVID-19, most startups did not look different from how they did in the previous decades. Now ed-tech startups promise scalable, cost-saving, flexible, and personalized learning experiences. Sprints is an eye-catching example of a startup that is paving the way for the future of education and job creation in the region,” he said.