{"id":555336,"date":"2021-11-10T04:00:01","date_gmt":"2021-11-10T04:00:01","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/10\/oto-courses-nets-investment-worth-usd-400k-from-edventures\/"},"modified":"2021-11-10T04:00:01","modified_gmt":"2021-11-10T04:00:01","slug":"oto-courses-nets-investment-worth-usd-400k-from-edventures","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/10\/oto-courses-nets-investment-worth-usd-400k-from-edventures\/","title":{"rendered":"OTO Courses nets investment worth USD 400k from EdVentures"},"content":{"rendered":"

<\/a> OTO secures USD 400k to expand its edtech platform: <\/strong>Egyptian edtech platform OTO Courses<\/a> has secured an investment worth USD 400k (c. EGP 6.3 mn) from Nahdet Misr for Publishing\u2019s VC arm, Edventures<\/a>, according to a press release (pdf)<\/a> from the investor. The money will be split between cash and in-kind services, Edventures said. OTO and Edventures declined to reveal how much of the investment it would receive in cash when asked by Enterprise.<\/p>\n

OTO will use the investment to add more subject areas to its distance-learning platform and expand its user base<\/strong>, especially among middle and secondary school students. The startup will also gain access to content produced by Nahdet Misr for its Al-Adwaa educational book series through the transaction, starting with English-language resources before expanding to other subjects in the coming months, Edventures General Manager Maged Harby told Enterprise.<\/p>\n

OTO recap:<\/strong> Founded in 2015 by Tarek Nour and Ahmed Badr, OTO currently provides a range of specialized and general one-to-one courses, mainly focused on teaching English. The platform secured a USD six-figure bridge round<\/a> from AUC Angels and Changelabs in mid-2020. In 2018, OTO raised undisclosed seed funding from EdVentures and HIMangel.<\/p>\n

Edventures is a big spender in our edtech sector:<\/strong> Edventures invested USD 160k in edtech platform iSchool<\/a> in June, following a six-figure investment in book summary platform Akhdar<\/a> at the start of this year. By our count<\/a>, the VC firm was responsible for three of the five Egyptian edtech investments made in 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"

OTO secures USD 400k to expand its edtech platform: Egyptian edtech platform OTO Courses has secured an investment worth USD 400k (c. EGP 6.3 mn) from Nahdet Misr for Publishing\u2019s VC arm, Edventures, according to a press release (pdf) from the investor. The money will be split between cash and in-kind services, Edventures said. OTO […]<\/p>\n","protected":false},"author":1,"featured_media":555337,"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":[401,94,72,125,95],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-555336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-edtech","tag-edventures","tag-enterpriseam","tag-investment-watch","tag-startup-watch","wpautop","entry"],"acf":{"mongo_id":"9d08fdcd-daed-4b3e-89f3-fcdc0f60cae7","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/11\/394.jpg","photo_position":"above","related_issue":[555326],"teaser":"","voice_url":""},"yoast_head":"\nOTO Courses nets investment worth USD 400k 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\/2021\/11\/10\/oto-courses-nets-investment-worth-usd-400k-from-edventures\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OTO Courses nets investment worth USD 400k from EdVentures\" \/>\n<meta property=\"og:description\" content=\"OTO secures USD 400k to expand its edtech platform: Egyptian edtech platform OTO Courses has secured an investment worth USD 400k (c. 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