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Egypt distance learning edtech OTO raises $400K investment

The investment will further develop OTO’s platform and expand users to a wide segment of users

OTO courses

OTO Courses an Egypt-based edtech has raised a $400,000 cash investment and in-kind services from EdVentures a corporate VC firm to establish long-term learning distance methods in Egypt and the Arab world. EdVentures is making an additional investment from its initial seed round participation alongside HIMangel back in 2018. In 2020, the edtech raised a 6-figure bridge round from AUC Angels & Changelabs.

Ahmed Badr and Tarek Nour founded OTO in 2015. The company works as a bridge between traditional education players and the modern need for distant educational services. Learners can flexibly choose the most suited dates while communicating directly with lecturers.

OTO began by offering English language courses and has since launch delivered over 350,000 hours online to over 15,0000 learners. To date, the startup has over 150 teachers and lecturers.

In comments made on the investment, the CEO at OTO Courses Tarek Nour El-Din described the platform as “a leading platform for online learning in Egypt and the Middle East.” Ahmed Badr, the COO mentioned that the company aspires to “ continue offering high quality services at the most affordable rates.”

EdVentures supports and invests in startups specialized in culture, education, and innovative learning solutions at the seed and pre-Series A stages fixated on Egypt, Africa, and the Arab World. EdVentures was launched in 2017 by Nahdet Misr Publishing House to offer technical and financial support to startups to boost success and continuity in the market by providing investment according to different needs and maturity levels of the respective company.

Find out more about OTO Courses on their website

Source: Wamda


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