- Egyptian AI-focused edtech startup Sprints.ai — also known as Sprints — has closed a $3 million bridge fundraising round led by Disruptech Ventures, with EdVentures, CFYE, and others joining the investment.
- The funds raised will help Sprint achieve its expansion goals to enter ten new markets. It will also channel the funds into its scale and growth trajectory.
- Sprints also intends to provide over 200,000 learners with in-demand skills necessary to thrive in the tech workplace.
Sprints, an Egypt-based edtech startup, was founded in 2020 by Ayman Bazaraa and Bassam Sharkawy and provides services such as talent assessment, tailored learning journeys, and job offers. It claims to be the first edtech startup in the Middle East and Africa to provide solutions, with over 100 employees and 300 trainers from 12 countries.
Since its launch, the startup claims to have delivered more than 2.5 million learning hours and assisted more than 300 tech employees worldwide in securing jobs.
Sprints also offers an agile-based learning programme that aims to assist organisations in developing tech teams in AI, data science, mobile, web, IoT, cloud computing, and cybersecurity. It has a robust vision of educating one billion learners in 10 years.
According to Sprints, it works with governments across different countries, including Egypt, Saudi Arabia, the United Arab Emirates, the Netherlands, Germany, the United States, and some United Nations organisations on tech talent development.
Ayman Bazaraa, CEO of Sprints, commented on the funds secured, stating that it was a team effort. “This investment is a resounding validation of the team’s tireless efforts and unwavering dedication. Today, I stand proud of what we’ve collectively accomplished and brimming with anticipation for the future we will pave together,” the CEO said.
Meanwhile, in April 2022, Sprints raised $1.2 million in a seed round led by Alexandria Angels Network and MED Angels, with AUC Angels, Cubit Ventures, Challenge Fund, EdVentures, Falak Startups, and Cairo Angels participating.
