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Egyptian edTech startup – Sprints – raises $3m to expand its offerings

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Sprints, an Egyptian edtech company leveraging AI to bridge the tech talent gap, has secured $3 million in a bridge funding round led by venture capital firm Disruptech Ventures. The investment also saw participation from EdVentures, CFYE, and other investors.

Founded in 2020 by Ayman Bazaraa and Bassam Sharkawy, Sprints offers an end-to-end platform spanning talent assessment, personalized learning journeys, and guaranteed job placement upon successful program completion. Students only pay tuition fees after securing employment within three years.

The startup aims to utilize the fresh funding to fuel an ambitious expansion into 10 new markets while scaling its operations to equip over 200,000 learners with in-demand tech skills. These include fields like artificial intelligence, data science, mobile app development, cybersecurity, and cloud computing.

This investment is a resounding validation of the team’s tireless efforts and unwavering dedication,” said Bazaraa, who lauded Sprints’ diverse workforce of over 100 employees and 300 trainers from 12 countries united by a shared mission.

Since its launch, Sprints claims to have facilitated over 2.5 million learning hours and helped secure tech jobs for more than 300 graduates globally. The startup boasts an average program rating of 4.8 and has partnered with governments in Egypt, Saudi Arabia, the UAE, the Netherlands, Germany, and the US to deploy nationwide tech talent development initiatives.

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Yehia Abouelwafa, Co-founder and Chief Investment Officer at Disruptech Ventures, expressed confidence in Sprints’ “all-in-one tech talent platform” integrating assessment, hiring, payroll, and upskilling to empower companies and governments in building world-class tech teams more efficiently.

With a mission to educate 1 billion learners within a decade, Sprints is well-positioned to capitalize on the growing demand for digital skills across the Middle East and Africa. The startup has previously raised $1.2 million in a seed round and garnered international recognition from Africa’s Business Heroes, GSV, and Holon IQ.

As the region strives to nurture a digitally adept workforce, Sprints’ AI-powered education solutions could prove instrumental in unlocking economic opportunities and fostering a thriving tech ecosystem.

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When I'm not reading about tech, I'm writing about it, or thinking about the next weird food combinations to try. I do all these with my headphones plugged in, and a sticky note on my computer with the words: "The galaxy needs saving, Star Lord."
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