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Kouncel raises $1.2 million in pre-Seed funding

Wamda

Press release:

Kouncel has raised $1.2 million in its latest funding round, the funding round was led by Zaldi Capital for investment “an Investment Bank focused on SMEs and Assets Management”, the African Development Bank (AFDB), the Academy for Scientific Research and Technology (ASRT) &Tanmia wa Tatweer - Egypt’s entrepreneurship development project.

€250,000 of the funding will be disbursed in banknotes, while the remaining amount will be provided in-kind as services.

Kouncel is Mena’s first online legal education platform to bring modern learning to lawyers and enterprises in the Mena region by providing them with a unique educational experience based on their different jurisdictions. Kouncel.com first aimed to reach thousands of learners and then expanded to provide premium customised courses to individuals and enterprises in Egypt and the Gulf region.

The platform has a wide range of courses categories such as arbitration, legal drafting, corporate law, intellectual property, banking and non-banking law, law for startups, etc. which consist of weekly learning sequences. Each learning sequence is composed of short videos interspersed with interactive learning exercises, where students can immediately practise the concepts from the videos. The courses often include tutorial videos that are similar to small on-campus discussion groups, an online textbook, and an online discussion forum where students can post and review questions and comments to each other and teaching assistants.

“Education forms a key part of Egyptian Economic Vision 2030, and law plays an important role in creating a healthy environment for businesses and pushes FDIs forward. and we aim to provide a highly sophisticated education experience to everyone in the legal field which will positively impact the ecosystem,” said Ibrahim Saleh, founder and CEO of Kouncel.

“Legal education has never been easier – discover various topics in the legal field and master law with Mena’s top counsels.”

March 1st 2022, 7:18 am
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