Egypt-based Edtech platform MARJ3 has raised a Seed investment round, led by U.S based investment Expert DOJO and joined by other angel investors.
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MARJ3 is an online platform connecting MENA youth to educational opportunities around the world. With 2.4 million online visits per month from MENA countries, the startup has 3 main departments 1. MARJ3 Education dedicated to schools and universities, 2. MARJ3 Courses for MOOCs and tutoring, 3. MARJ3 Scholarships for funded opportunities. Users can use the platform to search, compare, and then enroll in the best fit-opportunity.
The investment round is aimed to boost the startups’ new blended business model and fuel the growth of universities onboarding to the platform from all over the world. It will also help to accelerate the team's expansion plan.
Commenting on the round, Sami Al-Ahmad, CEO & Co-Founder said, “I believe that this is a strategic partnership and not only an investment round. It will enable us to achieve our vision in helping millions of youth in MENA to connect with educational opportunities around the world.
"We have been seeing the change in the educational field coming up. However, COVID-19 has pushed this transformation completely around the whole world. There is a new norm and things will never get back to the way that we knew before. We believe that technology is the human way to adapt to this change."
Brian Mac Mahon, CEO at Experts DOJO added, "Expert DOJO are so pleased to have invested in what we believe is going to be the ground zero for educational information globally. This team is poised for explosive growth over the 12 months and we are looking forward to supporting them with funds and connections ongoing.”
Turkey's average deal size was up 250% in H1 2020 to $2.8M, indicating the shift of investors' focus towards later-stage startups. Discover more trends and insights in MAGNiTT's H1 2020 Turkey Venture Investment Report.
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