Egypt’s EdVentures, Saudi’s VMS collaborate to transform MENA ed-tech industry
In order to advance ed-tech in the Middle East, Egypt-based corporate venture capital firm EdVentures and VMS, a top Middle Eastern venture studio, have announced a strategic alliance.
The investment arm of Egypt’s Nahdet Misr Group, EdVentures, has been a pioneer in funding cutting-edge ed-tech startups ever since it was founded in 2017.
As talented startups enter the Saudi Arabian market, VMS supports them, assisting them in overcoming obstacles and achieving their objectives. VMS contributes to the expansion and success of the Saudi entrepreneurial ecosystem by fostering innovation and accepting risk.
The two-way collaboration promotes innovation in a crucial industry and represents a significant turning point in the growth of the ed-tech sector in Saudi Arabia and Egypt. As a result, both businesses will be able to assist more ed-tech startups. While VMS will use its network to offer crucial guidance, mentorship, and advisory services to increase the startups’ chances of success, EdVentures will offer startups its specialized incubation, acceleration, and investment programs.
“This partnership presents an incredible opportunity for the growth of the Edtech industry in the Arab world,” said Dalia Ibrahim, founder and chairperson of EdVentures. “We are thrilled to partner with VMS, a trusted collaborator that shares our vision of transforming education and empowering the next generation. Together, we will drive innovation, create job opportunities, and support the vibrant startup ecosystem in Saudi Arabia, Egypt, and the entire region.”
