Source: Tom Jackson/ Disrupt Africa
Egypt-based ed-tech corporate VC firm EdVentures has announced a strategic partnership with VMS, a leading venture studio empowering entrepreneurs and startups in the Middle East, to enhance ed-tech in the region.
Since its establishment in 2017, EdVentures, the investment arm of Egypt’s Nahdet Misr Group, has been at the forefront of investing in innovative ed-tech startups.
Meanwhile, VMS supports talented startups entering the Saudi Arabian market, helping them overcome challenges and achieve their business goals. By driving innovation and embracing risk, VMS contributes to the growth and success of the Saudi entrepreneurial ecosystem.
The partnership between the two is a significant milestone in the development of the ed-tech industry in Saudi Arabia and Egypt, fostering innovation in a key sector. It will allow both companies to support a greater number of ed-tech startups. EdVentures will provide startups with its specialised incubation, acceleration, and investment programmes 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,” said 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.”
Source: Tom Jackson/ Disrupt Africa
