Egypt’s EdTech industry has experienced significant growth in recent years, becoming a key player in the broader African and Middle Eastern education landscape. As the demand for innovative educational solutions rises, Egyptian startups like Farid are seizing opportunities to lead the charge. In an impressive move, Farid, an Egyptian EdTech startup founded by Mahmoud Hussein in 2024, has secured a $250,000 pre-seed investment from Saudi Arabian entrepreneur Amal bint Abdulaziz Al-Ajlan. This funding marks a pivotal moment for Egypt’s burgeoning education technology sector, as the country positions itself as a hub for transformative learning solutions in the region.
Farid’s success is part of a larger trend in Egypt’s EdTech ecosystem, which is projected to grow from $2.5 billion in 2022 to $5.5 billion by 2028. This growth reflects the increasing need for digital and personal development skills among young learners, a trend that is equally relevant across the Middle East and sub-Saharan Africa. With over 230 million jobs in Africa requiring digital skills by 2030, the role of education technology in bridging skill gaps cannot be overstated.
Farid’s Global Expansion and Vision
With the new funding, Farid plans to expand beyond Egypt, entering global markets such as Saudi Arabia and the United Arab Emirates (UAE). The startup has already formed strategic partnerships with numerous Egyptian schools and is now eyeing international opportunities. According to CEO and Founder Mahmoud Hussein, the funds will be used to expand Farid’s platform, create new training content, and hire additional employees and trainers to support the company’s growth trajectory. In addition, Farid will continue forging partnerships with schools and universities to strengthen its reach in the education sector.
A key part of Farid’s expansion plan involves increasing its subscriber base by targeting 20,000 new subscribers over the next two years. The startup also aims to train 10,000 graduates to become certified trainers by 2030, helping to further the company’s mission of supporting personal and psychological development for young people.
Farid has distinguished itself in the EdTech space by focusing on character education and mental health support for children and adolescents aged 3 to 18. The startup’s unique approach combines traditional education with a focus on psychological well-being, helping children develop essential life skills to navigate future challenges confidently. With plans to introduce new workshops and curricula aimed at boosting children’s creative talents and mental resilience, Farid is addressing a critical need in today’s fast-evolving educational landscape.
This focus on personal skills education has made Farid a standout in the region, attracting investor interest and positioning the company for continued growth. As Mahmoud Hussein explained, educational innovation is a key driver of Farid’s appeal, especially as the demand for self-development and digital skills training grows in the Middle East and Africa. He also highlighted the importance of investing in mental health support for young learners as part of a broader strategy to create well-rounded individuals capable of thriving in an increasingly complex world.
Farid’s success comes at a time when other Egyptian EdTech startups are also making waves. Competitors such as iSchool and Sprints have recently secured significant funding to scale their operations, with Sprints expanding into 10 new markets and training over 200,000 learners in essential tech skills. These developments highlight the growing competition in the EdTech sector, both within Egypt and across the broader Middle East and North Africa (MENA) region.
Farid’s recent achievement of being named one of the top 100 startups at the LEAP2024 conference in Riyadh further validates the company’s potential as a leading player in the region’s EdTech landscape. With the company now looking to expand into key Gulf markets, Farid is well-positioned to capitalize on the region’s demand for cutting-edge educational solutions.
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