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Egyptian Edtech Startup, OTO Courses, Secures $400k Funding Round From EdVentures

November 9, 2021

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.

“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.

Oto Courses Egyptian funding — *Credits: OTO Courses*

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.

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.

“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

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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.
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Egypt’s Edtech Startup OTO Courses Raises More Than $100k Funding For Its English Learning P latform

June 19, 2020

Good news for Egypt’s edtech OTO Courses which has raised a six-figure (USD) investment in the form of a bridge round from AUC Angels & Changelabs. The exact size of this deal was however not disclosed.

Co-founders, Ahmed El Fadaly, Ahmed Badr & Tarek Nour,

“Many students have shown the need for practicing the language that they are learning without the need of enrollment into a course. They wish to speak to multiple people to increase their confidence and fluency in the English language around topics they wish to expand their lexical resources on. This ranges from general topics such as travel or food to more specific topics such as Marketing or Tourism and that is what DardshEnglish helps with,” Ahmed Badr, the co-founder and COO of OTO,said about the launch.

Here Is What You Need To Know

With the new investment, OTO plans to further develop its platform and win a bigger market share as the traditional educational centers in Egypt that teach the English language remain closed due to the pandemic.
The startup had previously raised a seed round from HIMangel and EdVentures in late 2018.

Why The Investors Invested

Karim Samra, the founder of Changelabs, said:

“OTO is a perfect example of the kind of innovative thinking and strong leadership Changelabs is looking for in the Egyptian and broader regional startup scene. The company addresses a massive gap in the market, is led by an empathetic and brilliant management team, and has built a differentiated leading-edge technology platform that clearly sets it apart. We’re excited to continue supporting the company in the next phase of its exponential growth.”

Khaled Ismail, chairman of HIMangel which invested in OTO at an early stage, said:

“The Power of one-on-one teaching, when it comes to languages, is something that OTO understood early on and has capitalized on. There is no one-size-fits-all when it comes to language teaching, and that is why we strongly believe in OTO’s future growth.”

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A Look At What OTO Courses Does

Founded in 2015 by Ahmed El Fadaly, Ahmed Badr & Tarek Nour, OTO Courses, previously known as OTO Englishoffers general and specialized English language courses to individuals and businesses. OTO in it its name stands for one-to-one (tutoring) and that also happens to one of its biggest USP. All the courses on its platform come with dedicated hours of one-to-one live tuition with an instructor.
The startup in a statement said that all the English instructors on its platform are selected carefully and then have to go through training before they start teaching on the platform, “OTO Courses aims to bridge the gap between traditional education and what the market really needs, by providing available and affordable quality education to anyone, anywhere, and anytime.”
It has recently also launched DardshEnglish, a dedicated platform for booking one-to-one practice (voice) sessions with English speakers. The 30-minute sessions are available in the form of bundles with the basic bundle (that comes with five sessions) priced at EGP 99 ($6). The speakers available on the platform can be filtered by their interests and fields to make it easy for users to choose the one that’s relevant to their learning needs.
He also explained that the students using DardshEnglish are promised to learn at least 3 new words and know how to place them in 3 sentences during a 30-minute session with an expert English speaker on their chosen topic, “Students join DardshEnglish in order to increase their confidence and English language fluency. Students of all levels are encouraged to join. They don’t have to stick to one speaker and have the freedom of choosing from the many speakers available. They can book slots as close as 4 hours from now.”
OTO Courses claims to have delivered more than 350,000 online hours so far to over 15,000 learners and has over 150 instructors on its platform. The Egyptian startup has also been working with many business clients to help their employees improve their English language skills.