$2.1 M Pre-Series A funding raised by Egyptian ed-tech Orcas for expansion
Orcas, an Egyptian ed-tech firm, has received a pre-Series A fundraising round of $2.1 million as it plans to expand into Pakistan in the coming months.
Orcas, co-founded by Hossam Taher and Amira El Gharib in 2019, offers live one-on-one tutoring sessions to K-12 students, both online and in person. To supplement the learning experience, it also offers self-paced learning settings.
After financing US $2.1 million in a round co-led by CIRA’s NFX Ventures and Access Bridge Ventures, the firm is now moving to Pakistan. Algebra Ventures, Launch Africa Ventures, Cairo Angels Syndicate Fund, and Seedstars International were also present.
“Learners today have different needs that Edtech companies must cater to. For that reason, we have evolved into a learning platform that offers the complete spectrum of teacher-led and self-paced learning environments. With the funding, we will be able to continue to build our technology product, attract the best talent, and expand to new geographies in MENAP,” said Taher.
The investment in Orcas, according to Aly El Shalakany, CEO of the Cairo Angels Syndicate Fund, contained everything the fund was designed for.
“The fund was designed to double down and invest in our best-performing startups and to continue supporting amazing founders like Hossam and Amira to build great businesses. We are very proud of Orcas’ performance so far and we are confident that with this latest investment they will continue to be market leaders within the space and will now be able to add more exciting educational solutions using cutting edge technology and to bring these products to new markets,” he said.
