Farid, an rising Egyptian EdTech startup, has introduced that it has acquired $250,000 in pre-Seed funding from Saudi businesswoman Amal bint Abdulaziz Al-Ajlan. The funding comes when the corporate has additionally shaped a number of key alliances with faculties throughout Egypt. With this spherical of funding, the agency plans to develop its platform and develop into Saudi Arabia and the UAE.
Farid was based by Mahmoud Hussein in 2024 and focuses on character training and psychological well being assist for youngsters and youth aged 3 to 18 years. It employs fashionable instructional methodologies to develop private and psychological abilities. The platform has distinguished itself by providing progressive instructional options to enhance kids’s well-being and improve their abilities. It’s the first and main platform within the Center East and North Africa to offer direct, one-on-one classes for character-building and psychological well being assist for Arab kids. It additionally presents coaching for youth and graduates to grow to be licensed trainers in Farid’s instructional and psychological methodology.
Commenting on the newest improvement, Mahmoud Hussein, Founder and CEO of Farid, stated:
The corporate will use the funding to develop its platform, develop new coaching content material, rent new workers and trainers, and develop into Saudi Arabia and the UAE. It can additionally work on forming partnerships with many colleges and universities to boost its attain to the audience.
The founder additionally identified that innovation in training is likely one of the essential components in attracting funding, achieved via Farid’s distinctive methodology. Moreover, Hussein emphasised that the massive market, the rising want for private abilities training and self-development for youngsters within the area, and plans for regional growth in Gulf markets make Farid a pretty choice for traders seeking to assist training and well-being.
Hussein added that Farid’s targets embody regional growth by launching the platform in additional faculties and academic establishments in Saudi Arabia, Egypt, and the UAE. The platform goals to extend the variety of subscribers to twenty,000 over the subsequent two years.
The group additionally goals to develop its content material by introducing workshops and new curricula that enhance kids’s abilities, foster their skills, and assist their psychological well being, permitting them to face future issues efficiently. Concerning coaching and employment, the platform intends to coach 10,000 graduates from instructional establishments to grow to be licensed trainers with Farid by 2030. Farid was picked as one of many high 100 startups on the LEAP2024 convention hosted in Riyadh in March 2024.