Live Learning Edtech Startup Orcas Secures $2.1M In Pre-Series A
Intending to unlock digital live learning, the Egyptian live learning Edtech startup has secured $2.1 million in the latest funding round.
Education is one of the ignored sectors, especially in the MENAP region. The outbreak of COVID-19 has further exposed many lacunas in this sector as schools were closed down. The Egyptian startup aims to unlock the digital live learning capabilities for schools and teachers both offline and online. The platform has successfully raised $2.1M in pre-series A funding round with this idea.
CIRA’s NFX Ventures and Access Bridge Ventures co-led the funding round. However, Algebra Ventures, Launch Africa Ventures, Cairo Angels Syndicate Fund, and Seedstars International also participated in the round.
The platform was founded by Hossam Taher and Amira El Gharib in 2019. This platform provides the students of K-12 one-on-one online and in-person tutoring sessions. Several other platforms in the market provide online and physical tutoring services.
Orcas focus on providing flexible payment plans, discounted programs, and features like installments to outshine them. The platform ensures a high-quality education platform that enables parents to support their children’s education. Parents can choose tutors based on their reviews. It allows parents to ensure good teachers for their children.
The catastrophe of Covid has expedited the growth in Edtech platforms, which is why VC’s interest has also increased. This is evident from the fact that Edtech startups have seen a growth of 46% in capital investment in 2021 compared to 2019. No doubt, with the help of AI, technology is shaping the future of smart learning.
“Learners today have different needs that Edtech companies must cater to. For that reason, we have evolved into a learning platform that offers the complete spectrum of teacher-led & self-paced learning environments. With the funding, we will be able to continue to build our technology product, attract the best talent, and expand to new geographies in MENAP,” said CEO of Orcas, Hossam Taher.
Story Credits: Magnitt