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Akhdar raises six-figure seed funding

Wamda

Egypt-based educational technology (edtech) platform Akhdar, has raised a six-figure seed investment from EdVentures, the venture capital arm of Egypt’s Nahdet Misr Publishing House.

Founded in 2017 by Mohamed Osama, Akhdar is a cultural platform that generates simplified content from books and presents it in an interactive and engaging way through different media. It started off as a YouTube channel that summarises books through short videos.

Akhdar has recently launched an application that features hundreds of videos for audio and printed books covering more than 16 different genres.

“Akhdar started with the aim of providing simplified summaries and information about different books for people who don’t have time to read. Back then, we didn’t have a very clear vision of what we wanted to achieve…. we worked very hard with the limited resources we had to build our platform and to be able to continue presenting useful content. Now, we are quite excited about the coming period, our new partnership with EdVentures will definitely add a lot to our business especially with Nahdet Misr’s extensive experience in education and content creation,” said Mohamed Osama, founder of Akhdar.

The company plans to use the funds to expand its content offering, add new game features to its online application for an enhanced more engaging user experience.

Dalia Ibrahim, founder of EdVentures and CEO of Nahdet Misr Publishing House said: “EdVentures is always keen to support and nourish educational startups; hence, we see this investment as a new brick we add to enrich the readers community with a smart and fun learning experience. We will also be working closely with “Akhdar” team to further expand their services in order to cover a wider range of users.”

Established in 2017,  EdVentures focuses on seed and pre-series A investments. The corporate VC supports startups operating in education, culture, and innovative learning solutions in Egypt, Africa, and the Arab Worl

 

January 4th 2021, 5:36 am
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