{"id":549106,"date":"2022-09-04T08:42:56","date_gmt":"2022-09-04T08:42:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/04\/edtech-emonovo-raises-undisclosed-bridge-round-shezlong-subsbase-plan-expansion\/"},"modified":"2022-09-04T08:42:56","modified_gmt":"2022-09-04T08:42:56","slug":"edtech-emonovo-raises-undisclosed-bridge-round-shezlong-subsbase-plan-expansion","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/04\/edtech-emonovo-raises-undisclosed-bridge-round-shezlong-subsbase-plan-expansion\/","title":{"rendered":"Edtech Emonovo raises undisclosed bridge round + Shezlong, SubsBase plan expansion"},"content":{"rendered":"

We\u2019ve got a bunch of startup news for you this morning: <\/strong>Local edtech firm Emonovo has raised a fresh bridge round, and two Egyptian startups \u2014 mental health startup Shezlong and subscription management platform SubsBase \u2014 are heading to South Africa.<\/p>\n

First up: Edtech <\/strong>Emonovo<\/a><\/strong> has <\/strong>raised a bridge round<\/strong> led by a number of regional and international angel investors and Flat6Labs<\/a>, the company announced in a statement<\/a> on Friday. The company did not disclose the size of the round.<\/p>\n

About Emonovo: <\/strong>Known as Marj3 until a rebrand earlier this year, the startup helps match MENA students with universities worldwide. \u201cThe company currently works on helping students with the entire application process, starting from finding the right university\u2026[to] accommodation, flights and pre-arrival preparations,\u201d co-founder and CEO Sami Al Ahmad (LinkedIn<\/a>) told Enterprise. Founded in 2016 by Al Ahmad, Abdo Samy (LinkedIn<\/a>), and Ahmed Elgebaly (LinkedIn<\/a>), Emonovo has now secured three rounds of funding, including a six-figure USD seed round<\/a> led by US-based VC firm Expert Dojo and a pre-seed round from Flat6Labs.<\/p>\n

The company will use the funds to develop its tech<\/strong>, onboard more universities and students to its matching service, and boost its recent rebrand and operations, the company said. \u201cWe [also] want to introduce an easy apply option, where students can use a single application to apply to all their desired universities,\u201d Al Ahmad said.<\/p>\n

SHEZLONG SETS UP SHOP IN SOUTH AFRICA-<\/strong><\/p>\n

Egyptian mental health startup Shezlong has <\/strong>launched its new platform Upright in South Africa<\/strong> as part of its international expansion plan, according to a press release (pdf)<\/a>. Upright will act as an extension of Shezlong to offer mental healthcare services, including e-mental healthcare, to help those underserved by South Africa's healthcare system.<\/p>\n

Why South Africa? <\/strong>Because of the size of its market as well as the similarities between Egyptian and South African culture, Shezlong CEO Mohamed Alaa told us. An added bonus is that South Africa has the same time zone as us, which will help the startup manage its operations in the country, he said.<\/p>\n

Plans in South Africa and beyond:<\/strong> The startup hopes to see Upright hit at least 50k sessions by the end of 2023, Alaa said. \u201cOur vision is to become the leading online mental healthcare provider in Africa,\u201d he said. \u201cWe are currently working on expanding to two other African countries by 1Q 2023 at the latest,\u201d he added. The company is also working to expand into the GCC, he said, without disclosing further details.<\/p>\n

More money on the horizon:<\/strong> The company is working on a series A round that could be in the seven-figure USD range, Alaa said. The startup has raised USD 1 mn in investments so far, along with an undisclosed bridge round in late 2021, he added. Investors who have provided Shezlong with financing include Asia Africa Investment Consulting, angel fund HIMangel, and investor Mohamed El Khamissy.<\/p>\n

SUBSBASE LOOKS TO SOUTH AFRICA & BEYOND-<\/strong><\/p>\n

Egyptian subscription management <\/strong>platform <\/strong>SubsBase<\/a><\/strong> plans to expand into Nigeria and South Africa in the last quarter of the year<\/strong>, co-founder Sherif Aziz reportedly told Al Mal<\/a>. The company also plans to expand into Saudi Arabia in early 2023, marking the second market in the Gulf for the platform which also operates in the UAE.<\/p>\n

New funding round coming:<\/strong> SubsBase is in talks with an unnamed venture capital fund to close a new funding round in mid-2023, Aziz said. SubsBaseraised last month<\/a> USD 2.4 mn in a seed round led by Global Ventures, with the funding directed towards product innovation and development, recruiting talent and increasing the company\u2019s regional presence.<\/p>\n

** Aziz was recently featured in Founder of the Week in EnterprisePM:<\/strong> You can read the interview here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

We\u2019ve got a bunch of startup news for you this morning: Local edtech firm Emonovo has raised a fresh bridge round, and two Egyptian startups \u2014 mental health startup Shezlong and subscription management platform SubsBase \u2014 are heading to South Africa. First up: Edtech Emonovo has raised a bridge round led by a number of […]<\/p>\n","protected":false},"author":1,"featured_media":549107,"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":[401,1676,72,768,295,95,123,2320],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-549106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-edtech","tag-emonovo","tag-enterpriseam","tag-shezlong","tag-south-africa","tag-startup-watch","tag-startups","tag-subsbase","wpautop","entry"],"acf":{"mongo_id":"87b04148-300d-4c8e-8c06-c620af499a29","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/9\/111.jpg","photo_position":"above","related_issue":[549093],"teaser":"","voice_url":""},"yoast_head":"\nEdtech Emonovo raises undisclosed bridge round + Shezlong, SubsBase plan expansion - 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\/09\/04\/edtech-emonovo-raises-undisclosed-bridge-round-shezlong-subsbase-plan-expansion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Edtech Emonovo raises undisclosed bridge round + Shezlong, SubsBase plan expansion\" \/>\n<meta property=\"og:description\" content=\"We\u2019ve got a bunch of startup news for you this morning: Local edtech firm Emonovo has raised a fresh bridge round, and two Egyptian startups \u2014 mental health startup Shezlong and subscription management platform SubsBase \u2014 are heading to South Africa. 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About Sprints: Founded in\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\/2022\/4\/181.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":617749,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/27\/edtech-startup-sprints-secures-usd-3-mn-in-a-bridge-round\/","url_meta":{"origin":549106,"position":1},"title":"Edtech startup Sprints secures USD 3 mn in a bridge round","author":"enterpriseam admin","date":"27 March 2024","format":false,"excerpt":"The company will use the funds to double down on its plan to expand into ten new markets","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\/2024\/3\/2400.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":555604,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/21\/edtech-startup-educatly-closed-a-usd-1-mn-pre-seed-round\/","url_meta":{"origin":549106,"position":2},"title":"Edtech startup Educatly closed a USD 1 mn pre-seed round","author":"enterpriseam admin","date":"21 November 2021","format":false,"excerpt":"Edtech outfit Educatly closed a USD 1 mn pre-seed funding round from Irish state development lender Enterprise Ireland, Falak Startups and a group of angel investors, the company said in a press release last week. The company will use the investment to integrate new tech including AI and blockchain into\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\/524.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":549106,"position":3},"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":[]},{"id":613917,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/23\/edtech-startup-edura-closes-six-figure-usd-pre-seed-round\/","url_meta":{"origin":549106,"position":4},"title":"Edtech startup Edura closes six-figure USD pre-seed round","author":"enterpriseam admin","date":"23 January 2024","format":false,"excerpt":"Edura offers students pre-recorded and real-time interactive lessons and online assessments","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\/2024\/1\/1880.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":542754,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/","url_meta":{"origin":549106,"position":5},"title":"Orcas raises USD 2.1 mn pre-series A round","author":"enterpriseam admin","date":"16 January 2022","format":false,"excerpt":"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). 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