{"id":548889,"date":"2022-08-25T04:00:15","date_gmt":"2022-08-25T04:00:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/25\/edtech-startup-obm-lands-usd-six-figure-investment-from-edventures\/"},"modified":"2022-08-25T04:00:15","modified_gmt":"2022-08-25T04:00:15","slug":"edtech-startup-obm-lands-usd-six-figure-investment-from-edventures","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/25\/edtech-startup-obm-lands-usd-six-figure-investment-from-edventures\/","title":{"rendered":"Edtech startup OBM lands USD six-figure investment from EdVentures"},"content":{"rendered":"

<\/a> Student career advising startup <\/strong>OBM Education<\/a><\/strong> has secured a six-figure USD <\/strong>investment from <\/strong>EdVentures<\/a><\/strong>, according to a company statement (pdf)<\/a> by the edtech-focused VC. The company will use the funds to develop its new app, Taleb<\/a>, which will provide career advice to students from the ages of 12 to 19, founder and CEO Omar El Barbary told Enterprise.<\/p>\n

This is the <\/strong>second round<\/a><\/strong> of funding OBM has received from EdVentures this year<\/strong>, after it snagged an undisclosed sum from the VC in January.<\/p>\n

About OBM:<\/strong> Founded in 2020 by Omar El Barbary (LinkedIn<\/a>) and Ezz El Din Farag (LinkedIn<\/a>), OBM provides career advising, mentoring, and training programs to middle- and high-schoolers through summits and programs. They have 900k beneficiaries and have hosted 82 programs and events, according to their website.<\/p>\n

Where the money\u2019s going:<\/strong> The app, which will be launched early September, will act as a \u201cone-stop shop\u201d for high school students seeking college and career advice, El Barbary tells us. The app will include career and major placement assessments, educational videos, and an online advisory center with advisors from 70 different majors, he explained. It will also include an online shop where students can buy and sell student resources like books and stationery supplies, he added.<\/p>\n

The startup is targeting 80k downloads for its app by the end of the year<\/strong>, El Barbary says. Next year, it plans to tap additional financing and expand to Saudi Arabia, he added.<\/p>\n

EDVENTURES HAS THREE MORE INVESTMENTS IN THE PIPELINE-<\/strong><\/p>\n

The VC outfit is set to finalize two more investments in the region over the next two months<\/strong>, and will invest in a third firm outside of the MENA region by the end of the year, EdVentures General Manager Maged Harby tells Enterprise. The VC has increased its average ticket size to USD 500k from USD 300k this year and could invest up to USD 1 mn for select projects, he added.<\/p>\n

EdVentures portfolio <\/strong>includes online training provider Sprints<\/a> as well as Akhdar, Career180, OTO Courses, and iSchool<\/a>. Harby says the firm focuses on \u201cstartups that address untapped subsectors in the education industry.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Student career advising startup OBM Education has secured a six-figure USD investment from EdVentures, according to a company statement (pdf) by the edtech-focused VC. The company will use the funds to develop its new app, Taleb, which will provide career advice to students from the ages of 12 to 19, founder and CEO Omar El […]<\/p>\n","protected":false},"author":1,"featured_media":548890,"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":[73,94,72,95,123,200],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-548889","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-education","tag-edventures","tag-enterpriseam","tag-startup-watch","tag-startups","tag-venture-capital","wpautop","entry"],"acf":{"mongo_id":"ea2b832c-90f3-41fb-85ed-8a635660ea38","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/8\/395.jpg","photo_position":"above","related_issue":[548874],"teaser":"","voice_url":""},"yoast_head":"\nEdtech startup OBM lands USD six-figure investment from EdVentures - 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\/08\/25\/edtech-startup-obm-lands-usd-six-figure-investment-from-edventures\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Edtech startup OBM lands USD six-figure investment from EdVentures\" \/>\n<meta property=\"og:description\" content=\"Student career advising startup OBM Education has secured a six-figure USD investment from EdVentures, according to a company statement (pdf) by the edtech-focused VC. 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The money will be split between cash and\u2026","rel":"","context":"In "Startup watch"","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\/11\/394.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":555489,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/16\/career-180-lands-investment-from-edventures-tyro-to-acquire-nafham-in-share-swap\/","url_meta":{"origin":548889,"position":4},"title":"Career 180 lands investment from EdVentures + Tyro to acquire Nafham in share swap","author":"enterpriseam admin","date":"16 November 2021","format":false,"excerpt":"Edtech startup Career 180 scored a USD 200k investment from EdVentures to develop a new employment platform, the VC firm said in a press release (pdf). The site would be merged with freelance job site Freelance Yard to create a platform that provides employment services to young people across a\u2026","rel":"","context":"In "Startup watch"","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\/11\/470.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":562755,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/edtech-platform-ischool-raises-usd-160k-from-edventures\/","url_meta":{"origin":548889,"position":5},"title":"Edtech platform iSchool raises USD 160k from Edventures","author":"enterpriseam admin","date":"6 June 2021","format":false,"excerpt":"Edtech platform iSchool raised USD 160k from Nahdet Misr Publishing House\u2019s venture capital arm Edventures, the company said in a press release (pdf). The money will be put towards developing an online platform to widen iSchool\u2019s EdTech services locally, and expand regionally. iSchool provides STEAM-focused educational technology for students 6-18\u2026","rel":"","context":"In "Startup watch"","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\/71.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\/548889","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=548889"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/548889\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/548874"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/548890"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=548889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=548889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=548889"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=548889"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=548889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}