Sprints raises $1.2mln seed round

Sprints , a Cairo-based edtech startup , announced closing a USD 1.2 mn Series A round led by the Alexandria Business Angels Network and with the participation of MED Angels members, AUC Angels, Cubit Ventures, “Challenge Fund,” EdVentures, and Falak Startups, local media.

Ayman Bazaraa, co-founder and CEO of Sprints, mentioned: “I’m very proud to witness the growth rate and achievements of Sprints’ team over the past 2 years. Together, we succeeded in delivering 20,000 learning experiences, resulting in more than 80% employment rates. Over the upcoming 3 years, we target to revolutionize the tech sector by upskilling and employing 1 million youth”.

Founded in 2019 by Ayman Bazaraa (LinkedIn) and Bassam Sharkawy (LinkedIn), Sprints aims to bridge the tech talent gap in MEA. The company offers online training programs to software developers, as well as crash courses in cybersecurity, artificial intelligence, project management and more. Sprints bills itself as the MEA region’s only edtech startup that offers guaranteed hiring programs.

Sprints delivers its programs utilizing a holistic learning approach, which allows learners to meet role-played customers, gather design requirements, and deliver software products on a weekly basis. This learning experience simulates the real business environment and acts as a sandbox for learners to acquire both technical and business skills. Through this distinctive learning journey, Sprints is growing at an exponential rate by leading a new generation of talent to transform the tech industry in MEA.

 “While technology has transformed most industries, it has yet to do the same in education. Before COVID-19, most startups did not look different from how they did in the previous decades. Now EdTech startups promise scalable, cost-saving, flexible and personalized learning experiences. Sprints is an eye catching example of a startup that is paving the way for the future of education and job creation in the region, and we at Alex Angels are proud to be leading the round alongside renowned investors from AUC Angels, and Cairo Angels, with participation from Cubit Ventures, EDVentures, and Falak Startups” said Tarek Elkady, Founder & Chairman of Alex Angels & The Mediterranean Angel Investors.