EdVentures said that it had invested $400,000 in OTO Courses in cash funding and in-kind services in an effort to improve remote learning methods and support entrepreneurs in Egypt and the Arab world. The purpose of this investment is to expand the Egyptian company’s platform and services to a bigger proportion of customers, particularly middle and secondary school children, by providing educational programs in a range of areas/subjects. This, in turn, will have an impact on the pupils’ educational experience.
The funds will be utilized to improve the company’s platform and expand its services to a wider audience, particularly middle and secondary school kids, by providing educational programs in a number of areas/subjects.
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“We, at OTO, seek to be a leading platform for online learning in Egypt and the Middle East, and to provide high quality services and avail them to everyone,” co-founder and CEO Tarek Nour El-Din, said.
Why The Investors Invested
“We are delighted to continue our support for OTO, which has proven its success over the years. Its founders have succeeded in regularly upgrading the platform in order to improve the effectiveness of its services. Our investment comes today to assist OTO in extending the provision of high-quality distance learning services to thousands of learners,” said Dalia Ibrahim, CEO and Founder of EdVentures, regarding this investment.
EdVentures supports and invests in seed and pre-Series A rounds of businesses specializing in education, culture, and creative learning solutions in Egypt, Africa, and the Arab World. Nahdet Misr Publishing House formed the corporate venture capital fund in 2017. The VC gives technical and financial support to startups in order to assure their success and long-term viability in the market by investing according to each company’s demands and maturity level.
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A Look At What The Startup Does
OTO was founded in 2015 by Ahmed Badr and Tarek Nour with the goal of bridging the gap between traditional education and what the market requires by providing distance educational services via its electronic platform. This provides learners with a great deal of freedom in terms of selecting session dates that are convenient for them, as well as the ability to contact directly with lecturers.
OTO began by delivering English language lessons, and since then, it has offered 350,000 hours of online instruction to more than 15,000 students and employs more than 150 teachers and lecturers.
According to Ahmed Badr, OTO’s co-founder and CCO, the startup wants to play a vital role in educating children and youth in the Arab world by providing cutting-edge educational technology.
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“We will continue offering high quality services at the most affordable rates to our users so all segments can benefit from our platform,” Badr added.
Oto Courses Egyptian funding Oto Courses Egyptian funding
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning write