{"id":617749,"date":"2024-03-27T00:00:00","date_gmt":"2024-03-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/27\/edtech-startup-sprints-secures-usd-3-mn-in-a-bridge-round\/"},"modified":"2024-03-27T00:00:00","modified_gmt":"2024-03-27T00:00:00","slug":"edtech-startup-sprints-secures-usd-3-mn-in-a-bridge-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/27\/edtech-startup-sprints-secures-usd-3-mn-in-a-bridge-round\/","title":{"rendered":"Edtech startup Sprints secures USD 3 mn in a bridge round"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Edtech startup <\/strong><strong><a target=\"_blank\" href=\"https:\/\/sprints.ai\/\" style=\"\" rel=\"noopener\">Sprints<\/a><font face=\"Arial\">&nbsp;<\/font><\/strong><strong>has raised USD 3 mn in a bridge funding round<\/strong> led by <a target=\"_blank\" href=\"http:\/\/www.disruptechventures.com\/\" style=\"\" rel=\"noopener\">Disruptech Ventures<\/a>, which will support its plan to tap into ten new markets, the company said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/2334.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The round also drew investments from Nahdet Misr\u2019s VC arm <a target=\"_blank\" href=\"https:\/\/www.nmedventures.com\/\" style=\"\" rel=\"noopener\">EdVentures<\/a> and Holland\u2019s <a target=\"_blank\" href=\"https:\/\/fundforyouthemployment.nl\/\" style=\"\" rel=\"noopener\">Challenge Fund for Youth Employment<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said: <\/strong>\u201cWe're a proud force of passionate trailblazers, consisting of over&nbsp;<span style=\"background-color: transparent;\">100 employees and 300 trainers from 12 countries, united by a single mission, to revolutionize&nbsp;<\/span><span style=\"background-color: transparent;\">education through AI. This investment is a resounding validation of the team\u2019s tireless efforts&nbsp;<\/span><span style=\"background-color: transparent;\">and unwavering dedication,\u201d CEO and co-founder of Sprints, Ayman Bazaraa said.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Sprints:<\/strong> Founded in 2019 by Ayman Bazaraa (<a target=\"_blank\" href=\"https:\/\/eg.linkedin.com\/in\/ayman-bazaraa-5a750517\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) and Bassam Sharkawy<font face=\"Arial\"> <\/font>(<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/bassam-sharkawy-60b5774b\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), Sprints works to bridge the tech talent gap in MEA. The company offers online training programs to software developers, as well as crash courses in artificial intelligence, cybersecurity, data science, and cloud computing, among others. The firm bills itself as the MEA region\u2019s first edtech startup that offers guaranteed hiring programs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sprints says it has delivered over 52k learning experiences<\/strong> while working with the governments of Egypt, Saudi Arabia, the UAE, the Netherlands, Germany and the US, as well as UN organizations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More investments to come from EdVentures this year: <\/strong>EdVentures plans to invest up to USD 500k each into 10-12 Egyptian and international startups in 2024, Nahdet Misr CEO and EdVentures founder Dalia Ibrahim <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fb0138ae-7cb8-479c-a172-29c8ebca7d62\/edventures-founder-dalia-ibrahim-on-what-we-can-expect-from-the-local%253cmark%253e-edtech-%253c%2Fmark%253esector-this-year\" style=\"\" rel=\"noopener\">told<\/a> Enterprise in an interview last month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company will use the funds to double down on its plan to expand into ten new markets<\/p>\n","protected":false},"author":1,"featured_media":617750,"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":[8494,401,94,72,1654,95,200],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-617749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-disruptech-ventures","tag-edtech","tag-edventures","tag-enterpriseam","tag-sprints","tag-startup-watch","tag-venture-capital","wpautop","entry"],"acf":{"mongo_id":"b8915100-ccaf-44bc-8855-b0e06ddf4d26","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/2400.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egyptian edtech startup Sprints closes USD 3 mn bridge funding round","related_issue":[617739],"teaser":"The company will use the funds to double down on its plan to expand into ten new markets","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.af37cac1-1575-4c5c-8d16-f3d14c46fd4b.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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About Sprints: Founded in\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\/4\/181.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577415,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/22\/local-pharma-startup-closes-usd-8-mn-round-klivvr-gets-cbe-nod\/","url_meta":{"origin":617749,"position":1},"title":"Local pharma startup closes USD 8 mn round + Klivvr gets CBE nod","author":"enterpriseam admin","date":"22 November 2022","format":false,"excerpt":"Local B2B pharma platform Grinta has closed a USD 8 mn seed round led by MENA-focused VC Raed Ventures and local fintech fund Nclude, with participation from Endeavor Catalyst and 500 Global, it said in a press release (pdf) yesterday. 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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,\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\/8\/395.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":619833,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/12\/egyptian-farmers-in-greece-plus-fresh-investments-from-prometeon-and-disruptech-and-an-outsourcing-freezone\/","url_meta":{"origin":617749,"position":3},"title":"Egyptian farmers in Greece. PLUS: Fresh investments from Prometeon and DisrupTech and an outsourcing freezone?","author":"enterpriseam admin","date":"12 May 2024","format":false,"excerpt":"Greece could extend seasonal employment contracts to Egyptian construction and tourism workers as well","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/719.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":617749,"position":4},"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 &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\/11\/524.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":555336,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/10\/oto-courses-nets-investment-worth-usd-400k-from-edventures\/","url_meta":{"origin":617749,"position":5},"title":"OTO Courses nets investment worth USD 400k from EdVentures","author":"enterpriseam admin","date":"10 November 2021","format":false,"excerpt":"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. 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