{"id":542754,"date":"2022-01-16T03:59:25","date_gmt":"2022-01-16T03:59:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/"},"modified":"2022-01-16T03:59:25","modified_gmt":"2022-01-16T03:59:25","slug":"orcas-raises-usd-2-1-mn-pre-series-a-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/","title":{"rendered":"Orcas raises USD 2.1 mn pre-series A round"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>EXCLUSIVE-<\/strong> <strong>Orcas raises USD 2.1 mn pre-series A round: <\/strong>Egyptian edtech startup <a href=\"https:\/\/www.orcas.io\/\">Orcas<\/a> raised USD 2.1 mn in a pre-series A round co-led by our friends at CIRA\u2019s NFX Ventures, and <a href=\"https:\/\/access-bridge.com\/\">Access Bridge Ventures<\/a>, according to a <a href=\"https:\/\/ent.news\/2022\/1\/Orcas-Cairo-Angels-PRL.pdf\">statement (pdf)<\/a>. Algebra Ventures, Launch Africa Ventures, Cairo Angels Syndicate Fund (CASF), and Seedstars International also participated.<\/p>\n<p><strong>Next steps: <\/strong>Orcas aims to use the funding to develop its technology, hire new talent and expand into new markets in MENAP. Its tech needs to be customizable but also scalable to smoothly operate in different markets, co-founder and CEO Hossam Taher tells us. Operations started in Pakistan\u2019s Lahore in early 2022 and Orcas is planning to expand into the KSA next, he adds. \u201cWe\u2019re looking to expand in markets that have a large young population and high out-of-pocket tutoring expenses.\u201d<\/p>\n<p><strong>What <\/strong><strong>does<\/strong><strong> Orcas do? <\/strong>Founded in 2019, the platform offers online and in-person tutoring and courses for K-12 students as well as personalized learning plans, learning-style assessments, and practice assignments.<\/p>\n<p><strong>This marks CASF\u2019s first investment<\/strong> after <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8ec01ad2-2a04-403f-9be1-ac49b0582a58\">launching last month<\/a> as a micro-VC fund to fill the \u201cmissing middle\u201d between post-seed and pre-series A investments.<\/p>\n<p><strong>Orcas and CIRA are becoming firm friends: <\/strong>The two firms <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d550fd23-a8d8-42b7-bff1-e0954a225e07\">teamed up last year<\/a> on a JV to co-develop an online social learning platform for after-hours support to students. The hybrid platform, which makes use of Orcas\u2019 online tools as well as CIRA\u2019s 21-strong school network, is now available in governorates including Cairo, Assiut and Suez.<\/p>\n<p><strong>Edtech startups raised eight investment rounds in 2021<\/strong>, up three from the year before, putting edtech among the most popular sectors for investment. <a href=\"https:\/\/enterprise.press\/whatsnexts\/egypts-startup-scene-2021-part-startups-just-keep-breaking-investment-records\/\">Read our What\u2019s Next story recapping investment in Egypt\u2019s startup scene last year<\/a>. <a href=\"https:\/\/enterprise.press\/whatsnexts\/egypts-startup-scene-2021-part-startups-just-keep-breaking-investment-records\/\"><\/a><\/p>\n<p><strong>IN OTHER STARTUP NEWS-<\/strong><\/p>\n<ul>\n<li><strong>El Sisi wants the WYF to set up an incubator:<\/strong> President Abdel Fattah El Sisi has directed the World Youth Forum\u2019s management to <a href=\"https:\/\/bit.ly\/3nqxo4w\">establish a global incubator for<\/a><a href=\"https:\/\/bit.ly\/3nqxo4w\">startups and SMEs<\/a>, involving private sector firms, international lenders and development organizations.<\/li>\n<li><strong>Foodtech startup <\/strong><strong><a href=\"https:\/\/3attar.com\/ar\/\">3attar<\/a><\/strong><strong> raised an undisclosed seed round from AUC Angels, UI <\/strong><strong>Investment and individual angel investors<\/strong>, according to a statement picked up by <a href=\"https:\/\/www.wamda.com\/2022\/01\/egypt-foodtech-3attar-raises-seed-investment\">Wamda<\/a>. The B2C health foods platform aims to expand its customer base and develop its tech with the funding.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>EXCLUSIVE- Orcas raises USD 2.1 mn pre-series A round: Egyptian edtech startup Orcas raised USD 2.1 mn in a pre-series A round co-led by our friends at CIRA\u2019s NFX Ventures, and Access Bridge Ventures, according to a statement (pdf). Algebra Ventures, Launch Africa Ventures, Cairo Angels Syndicate Fund (CASF), and Seedstars International also participated. Next [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":542755,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7258],"tags":[398,400,402,401,72,399,95],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-542754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-algebra-ventures","tag-cairo-angels","tag-cira-education","tag-edtech","tag-enterpriseam","tag-orcas","tag-startup-watch","wpautop","entry"],"acf":{"mongo_id":"ad8084bb-103d-4a9f-ae73-fdb55323edeb","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/1\/171.jpeg","photo_position":"above","related_issue":[542748],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Orcas raises USD 2.1 mn pre-series A round - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Orcas raises USD 2.1 mn pre-series A round\" \/>\n<meta property=\"og:description\" content=\"EXCLUSIVE- Orcas raises USD 2.1 mn pre-series A round: Egyptian edtech startup Orcas raised USD 2.1 mn in a pre-series A round co-led by our friends at CIRA\u2019s NFX Ventures, and Access Bridge Ventures, according to a statement (pdf). Algebra Ventures, Launch Africa Ventures, Cairo Angels Syndicate Fund (CASF), and Seedstars International also participated. Next [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-16T03:59:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/171.jpeg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Orcas raises USD 2.1 mn pre-series A round\",\"datePublished\":\"2022-01-16T03:59:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/\"},\"wordCount\":379,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/171.jpeg?fit=%2C&ssl=1\",\"keywords\":[\"Algebra Ventures\",\"Cairo Angels\",\"CIRA Education\",\"edtech\",\"EnterpriseAM\",\"Orcas\",\"Startup watch\"],\"articleSection\":[\"Startup watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/\",\"name\":\"Orcas raises USD 2.1 mn pre-series A round - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/171.jpeg?fit=%2C&ssl=1\",\"datePublished\":\"2022-01-16T03:59:25+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/171.jpeg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/171.jpeg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Orcas raises USD 2.1 mn pre-series A round\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Orcas raises USD 2.1 mn pre-series A round - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/","og_locale":"en_US","og_type":"article","og_title":"Orcas raises USD 2.1 mn pre-series A round","og_description":"EXCLUSIVE- Orcas raises USD 2.1 mn pre-series A round: Egyptian edtech startup Orcas raised USD 2.1 mn in a pre-series A round co-led by our friends at CIRA\u2019s NFX Ventures, and Access Bridge Ventures, according to a statement (pdf). Algebra Ventures, Launch Africa Ventures, Cairo Angels Syndicate Fund (CASF), and Seedstars International also participated. Next [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2022-01-16T03:59:25+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/171.jpeg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Orcas raises USD 2.1 mn pre-series A round","datePublished":"2022-01-16T03:59:25+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/"},"wordCount":379,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/171.jpeg?fit=%2C&ssl=1","keywords":["Algebra Ventures","Cairo Angels","CIRA Education","edtech","EnterpriseAM","Orcas","Startup watch"],"articleSection":["Startup watch"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/","url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/","name":"Orcas raises USD 2.1 mn pre-series A round - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/171.jpeg?fit=%2C&ssl=1","datePublished":"2022-01-16T03:59:25+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/171.jpeg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/171.jpeg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Orcas raises USD 2.1 mn pre-series A round"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/171.jpeg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/171.jpeg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/171.jpeg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":598916,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/12\/orcas-raises-usd-500k-in-algebra-led-pre-series-a-funding-round\/","url_meta":{"origin":542754,"position":0},"title":"Orcas raises USD 500k in Algebra-led pre-Series A funding round","author":"enterpriseam admin","date":"12 June 2019","format":false,"excerpt":"INVESTMENT WATCH- Orcas raises USD 500k in Algebra-led pre-Series A funding round: Egyptian edtech startup Orcas has raised USD 500,000 in a pre-Series A funding round led by our friends at Algebra Ventures, the company announced in a statement (pdf). San Francisco-based VC fund NFX Capital participated in the funding\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":542999,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/30\/cira-reports-1q2021-2022-financials\/","url_meta":{"origin":542754,"position":1},"title":"CIRA reports 1Q2021-2022 financials","author":"enterpriseam admin","date":"30 January 2022","format":false,"excerpt":"CIRA net income down in 1Q2021-2022 on expansions, higher debt costs: Net earnings at private sector education outfit CIRA eased 12% to EGP 107.7 mn in the first quarter of their 2021-2022 fiscal year, which ended on November 30, according to the company\u2019s latest earnings release (pdf). CIRA attributed the\u2026","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":647959,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/24\/cairo-angels-invests-in-edtech-startup-orcas\/","url_meta":{"origin":542754,"position":2},"title":"Cairo Angels invests in EdTech startup Orcas","author":"enterpriseam admin","date":"24 May 2017","format":false,"excerpt":"Cairo Angels is investing in EdTech startup Orcas, formerly known as Cairo Sitters, Cairo Angels announced yesterday. Orcas is a \u201cdigital [marketplace] for education, tutoring and caregiving services.\u201d The investment is Cairo Angels\u2019 twentieth in a MENA startup. Read the full press release here (pdf).","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":583856,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/21\/edtech-platform-almentor-raises-usd-10-mn-in-pre-series-c-round-plus-acasia-ventures-invests-in-credable\/","url_meta":{"origin":542754,"position":3},"title":"Edtech platform Almentor raises USD 10 mn in pre-series C round. PLUS: Acasia Ventures invests in Credable.","author":"enterpriseam admin","date":"21 March 2023","format":false,"excerpt":"The money will be used to launch in Saudi Arabia and build out its B2C segment","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/almentor-1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546860,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/31\/cairo-angels-syndicate-fund-invests-in-africa-focused-fintech\/","url_meta":{"origin":542754,"position":4},"title":"Cairo Angels Syndicate Fund invests in Africa-focused fintech","author":"enterpriseam admin","date":"31 May 2022","format":false,"excerpt":"Cairo Angels Syndicate Fund (CASF) is making a USD six-figure investment in Africa-focused fintech startup Finclusion Group, which uses AI to provide financial services products, according to a statement (pdf). This is CASF\u2019s second investment outside of Egypt and their third fintech investment, according to the release.About Finclusion: The startup\u2026","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/416.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":562982,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/14\/fatura-raises-usd-3-mn-pre-series-a-round\/","url_meta":{"origin":542754,"position":5},"title":"Fatura raises USD 3 mn pre-series A round","author":"enterpriseam admin","date":"14 June 2021","format":false,"excerpt":"Egyptian B2B marketplace Fatura closed a USD 3 mn pre-series A funding round co-led by Sawari Ventures and Arzan VC, the company said in a press release (pdf). Egypt Ventures, EFG-EV, Cairo Angels, and Khwarizmi Ventures also participated in the round. The company will use the funds to extend its\u2026","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/183.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/542754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=542754"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/542754\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/542748"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/542755"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=542754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=542754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=542754"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=542754"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=542754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}