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Schoolz raises six-figure pre-Seed round

12 months 2 days ago

  • Cairo-based student transportation platform Schoolz has raised six-figure pre-Seed funding round from investors in Saudi Arabia and Egypt.
     
  • Founded in 2020 by Hosni Ahmed, Abdel Monsef Ismail and Ayman Hamza, Schoolz provides a transportation service for children using modern technologies, qualified drivers, supervisors in every vehicle, live cameras to allow parents monitor their children and follow-up notifications from pick up to drop off. 
     
  • Schoolz will use the new investment to launch Schoolz for business, which aims to transport employees to their place of work, and Schoolz cloud services to provide SaaS solutions to companies in Saudi Arabia and Egypt
     

Schoolz application, which specialises in the participatory transportation of school students, got six-figure pre-Seed funding from investors from Saudi Arabia and Egypt.

This new funding aims, according to Hosni Ahmed, CEO and co-founder of Schoolz, to launch Schoolz for business after its previous trial period, as well as the launch of Schoolz cloud services in Saudi Arabia and Egypt.

The application provides a safe and comfortable transportation service for children using modern technologies, qualified drivers, supervisors in every vehicle, live cameras to make parents monitor their children moment by moment, and follow-up notifications as soon as the student leaves the house until he reaches the school and vice versa, all of this comes with competitive prices packages.

In this regard, Hosni added: “We know that there is a great opportunity for the students and children transportation services market, inside and outside Egypt. We started it experimentally at the peak of the Corona pandemic to test the minimum market acceptance of our services, and the results were impressive! In the first week of the launch, we transported the first group of students to their schools, then we transported children to the club during the weekend. Quickly, schools, sports academies, and clubs communicated to us to use our services. We immediately provided technology, tools, and transportation technology for them, whether using our fleet or by using Schoolz system to manage the transportation process smoothly and completely.”

“Schoolz also aims to use those investments to pump funds in business growth of students’ transportation to schools besides launching Schoolz for Business, and this service aims to transport employees to their work within Cairo and Giza governorates. Also launching Schoolz (SAAS) (providing Software As A Service), which will allow schools and companies to use our technology infrastructure tools without our fleet.”

Abdel-Monsef Ismail, co-founder and technology director, said: “At Schoolz, we focus on providing safe and comfortable transportation at the best price.

We felt the community’s need for such service through parents’ feedback after the service launch in Cairo and Giza. The two governorates contain 2 million students in private and international schools, which is the segment that Schoolz works on serving. They spend over 16 billion pounds annually on this service.”

It is worth noting that Schoolz was launched at the end of 2020 by Hosni Ahmed, Abdel Monsef Ismail, and Ayman Hamza from Cairo, achieving brilliant success in a quick time, which attracted investors’ attention inside and outside Egypt.

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