Egypt’s Edtech Startup, OTO Courses, Raises US$400k Funding Round

Egypt-based edtech startup, OTO, has bagged US$400k in cash and in-kind services from corporate VC firm EdVentures to enhance distance learning methods in Egypt and the Arab world.

The investment will be used to develop the company’s platform and further expand its services to include a larger segment of users, especially middle and secondary school students by delivering educational programs in a variety of areas/subjects.

Read also: Nigerian e-health startup, DrugStoc, lands US$4.4mn Series A funding

“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.

The co-founder and CEO of OTO Courses, Tarek Nour El-Din, said: “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.”

According to Ahmed Badr, the co-founder and CCO of OTO, the company aspires to play a key role in educating children and youth in the Arab world through the provision of the latest edtech. “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.

What You Need To Know About OTO Courses

Founded in 2015 by Ahmed Badr and Tarek Nour, OTO aims to bridge the gap between traditional education and what the market needs by providing distant educational services through its electronic platform. This gives the learners great flexibility to choose the session dates that suit them, with the opportunity to communicate directly with the lecturers.

OTO started its activity by offering English language courses and, since its launch, it delivered 350,000 hours online to more than 15,000 learners, and has more than 150 teachers/lecturers. 

Read the original article here

Nichole Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email: nichole@getfundedafrica.com

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button