Farid, an Egyptian edtech startup, has raised $250,000 in pre-seed funding, a significant boost for the company’s efforts to expand its educational platform. The investment will help Farid enter international markets, with a focus on Saudi Arabia and the UAE.
Founded in 2018, Farid specializes in character education and mental health support for children and adolescents. The platform uses modern educational methods to help young learners, aged 3 to 18, develop essential personal and psychological skills.
The company aims to significantly grow its user base, targeting 20,000 new subscribers over the next two years. Additionally, it plans to train 10,000 certified trainers by 2030, aligning with its mission to provide innovative educational tools that foster children's well-being and development.
With this funding, Farid will enhance its platform, develop new content, hire more staff, and establish partnerships with schools and universities. The startup’s focus on mental health and character development positions it as a leader in holistic child education in the region.
The edtech sector in Egypt is rapidly expanding, and Farid's unique approach is set to make a significant impact in the Middle East and North Africa as it continues to grow.
