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Thursday, March 28, 2024

Egypt’s Sprints.ai, an AI-powered edtech startup raises $3 million to expand into 10 new markets

Sprints.ai, an Egyptian AI-powered edtech that is redefining education for the future, has raised $3 million bridge fundraising round, with investments from EdVentures and CFYE, among other investors, to expand into ten new markets.

Co-founded by Ayman Bazaraa and Bassam Sharkawy, Sprints aims to bridge the tech talent gap, spanning talent assessment, customised learning journeys, and a top-paying job guarantee.

According to Ayman Bazaraa, CEO of Sprints: “Our team is the beating heart of this success. We’re a proud force of passionate trailblazers, consisting of over 100 employees and 300 trainers from 12 countries, united by a single mission: to revolutionise education through AI. This investment is a resounding validation of the team’s tireless efforts and unwavering dedication. Today, I stand proud of what we’ve collectively accomplished and am brimming with anticipation for the future we will pave together.” 

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The MEA edtech offers guaranteed hiring programs, allowing graduates to only pay upon successful hiring over 3 years. Since launching in 2020, Sprints has delivered more than 2.5 million learning hours and secured graduate employment through over 300 tech employers across the globe.

On a mission to educate 1 billion learners in 10 years, Sprints delivers world-class, agile-based learning journeys that empower organisations to build top-notch tech teams in all tracks, including but not limited to: AI, data science, mobile, web, IoT, cloud computing, and cybersecurity. Contributing to a core economic and social cause, Sprints is shaping a generation of digitally adept citizens, poised to thrive in the world of future jobs.

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Commenting on the successful closure of the bridge round, Yehia Abouelwafa, co-founder and chief investment officer at DisrupTech Ventures, stated: “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. 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.” 

With an average program rating of 4.8, Sprints has successfully delivered over 52,000 learning experiences, while working hand-in-hand with the governments of Egypt, KSA, the UAE, the Netherlands, Germany, and the US, alongside key UN organisations, to deploy nationwide initiatives focusing on tech talent development and employment. In addition, Sprints received international recognition from Africa’s Business Heroes, GSV, and Holon IQ.

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This strategic bridge round further strengthens Sprints’ growth trajectory as it doubles down on its impact on the tech talent landscape by venturing  into 10 new markets. The geographical expansion of Sprints’ will not only bridge the regional talent gap, but also position MEA as a regional talent hub, as they plan to equip more than 200,000 learners with the skills and knowledge required to thrive in the face of tomorrow’s tech-workforce challenges.

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James Mackreides
James Mackreides
'Mac' is a short tempered former helicopter pilot , now a writer based in Sofia, Bulgaria. Loves dogs, the outdoors and staying far away from the ocean.

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