Dubai, UAE – EdVentures, an Edtech corporate venture capital firm in the MENA region, has announced a strategic partnership with VMS, a Venture Studio helping entrepreneurs and startups in the Middle East to develop edtech industry in Saudi Arabia and Egypt.
Since its establishment in 2017, EdVentures, the investment arm of Egypt’s Nahdet Misr Group, has been at the forefront of investing in innovative Edtech startups.
VMS supports talented startups entering the Saudi Arabian market, helping them overcome challenges and achieve their business goals
The partnership will support a greater number of Edtech startups. EdVentures will provide startups with its specialized incubation, acceleration, and investment programs while VMS will leverage its network to offer essential guidance, mentorship, and advisory services to enhance the startups’ chances of success.
“This partnership presents an incredible opportunity for the growth of the Edtech industry in the Arab world,” stated Dalia Ibrahim, founder and chairperson of EdVentures.
“We are thrilled to partner with VMS, a trusted collaborator that shares our vision of transforming education and empowering the next generation. Together, we will drive innovation, create job opportunities, and support the vibrant startup ecosystem in Saudi Arabia, Egypt, and the entire region,” she added.
Moataz Abuaneq, CEO of VMS, said: “Together, we will unlock limitless possibilities for Edtech startups and entrepreneurs in the Middle East. By combining our strengths and expertise, we will build an ecosystem that fosters innovation, empowers talent, and creates a better future for education.”
Since its launch in 2017, EdVentures has supported more than 70 startups and entrepreneurs. The firm has invested in 14 companies operating in the education technology and human capacity building sector in Egypt and the Arab region, making a significant impact in the industry.
HolonIQ has recognized the success of EdVentures by selecting nine companies from its portfolio among the top 50 startups in the field of education technology in the Middle East and North Africa for 2022. These companies are: “iSchool,” “Akhdhar,” “COLNN,” “OTO,” “Entreprenelle,” “Career 180,” “EYouth,” “Sprints,” and “Jeel.”