EdVentures has awarded OTO Courses, an Egyptian edtech startup, $400,000 in cash and in-kind services to help it improve its product and reach more customers.
Ahmed Badr and Tarek Nour El-Din launched the company in 2015. OTO Courses has created an online learning platform for individuals and businesses that wish to learn general and specialized English courses.
More than 15,000 people have benefited from its 350,000 hours of online English training.
The startup employs more than 150 professors and lecturers, and it is now looking to extend its services, therefore it has raised additional funds to supplement the monies raised last year.
This recent funding comes in the form of cash and in-kind contributions from corporate venture capital firm EdVentures, which was founded in 2017 by Nahdet Misr Publishing House to assist and invest in education, cultural, and innovative learning solutions firms.
The teachers participating have been carefully recruited and trained, with the firm’s goal of bridging the gap between traditional education and what the labor market requires by providing high-quality education to everyone, anywhere, and at any time.
Learners also have the option of selecting session dates that are convenient for them, as well as direct communication with professors.
As a result, this funding will be utilized to further improve OTO’s platform and expand its services to a wider range of users, particularly middle and secondary school children, by delivering educational programs in a variety of other areas or disciplines.
OTO’s co-founder and chief commercial officer commented: “We will continue to offer high-quality services at the most inexpensive pricing to our users so that all segments can benefit from our platform.”
Dalia Ibrahim, the CEO, and creator of EdVentures says OTO has proven its worth over time.
She went on to say that the company’s founders have been successful in upgrading the platform on a regular basis in order to improve the effectiveness of its services.
“We are making this commitment now to help OTO provide high-quality distant learning services to thousands of students.”, she added
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