Tuesday May 21st, 2024
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Egypt’s Sprints Raises $3M Bridge Round to Scale AI Edtech Platform

Founded by Ayman Bazaraa and Bassam Sharkawy, Sprints is an end-to-end platform created to address the tech talent gap.

Startup Scene

Egypt’s Sprints Raises $3M Bridge Round to Scale AI Edtech Platform

Sprints, an AI-powered EdTech company focused on reshaping education, has announced a $3 million bridge round led by Disruptech Ventures, with contributions from EdVentures and CFYE, among others.

Founded by Ayman Bazaraa and Bassam Sharkawy, Sprints is an end-to-end platform created to address the tech talent gap. Their platform covers talent assessment, personalized learning paths, and job guarantees with graduates paying only upon successful hiring over three years.

With the goal of educating 1 billion learners in a decade, Sprints offers agile-based learning journeys to enable organizations to build high-caliber tech teams across various tracks such as AI, data science, mobile, web, IoT, cloud computing and cybersecurity. Since inception in 2020, Sprints has amassed over 2.5 million learning hours and facilitated employment with over 300 tech employers globally.

“We are proud of Sprints for decoding the growth dilemma with their All-in-One Tech Talent platform, which seamlessly integrates talent assessment, hiring, payroll, and upskilling to empower companies and governments alike to build world-class teams more efficiently than ever,” Yehia Abouelwafa, Co-founder and Chief Investment Officer at DisrupTech Ventures, tell StartupScene. “We are firm believers in Sprints’ mission, and will continue leveraging our 70 years of combined know-how to unleash the potential of regional talent to develop the necessary caliber for digital economies.”

Collaborating closely with governments in Egypt, KSA, the UAE, Netherlands, Germany, and the US, as well as key UN organizations, Sprints has been instrumental in deploying nationwide initiatives for tech talent development and employment.

This recent $3 million bridge round is a strategic move to bolster Sprints' growth trajectory, facilitating expansion into 10 new markets.

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