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Corrsy EdTech Startup Raises USD500K in Pre-Seed Funding to Transform Education

Corrsy EdTech Startup Raises USD500K in Pre-Seed Funding to Transform Education

– Corrsy, an EdTech startup with Finnish and Iraqi roots, has raised $500,000 in pre-seed funding to transform education across the SWANA region with innovative learning solutions.

– The funding round was led by EQIQ, a venture capital firm founded by Mohamed Al-Hakim, and included notable investors such as Finnish EdTech angel investor Risto Vahanen, SuperChargers Ventures EdTech accelerator, Durubi Management Holding Company, Jordanian angel investor Adel Qahwaji, and Finnish investor Pekka Hermonen.

– Founded in 2019 by Mustafa Salam, Corrsy aims to address educational challenges in Iraq and the broader SWANA region, using the funds to expand its market presence and enhance its app, which integrates gamification, storytelling, and micro-learning.

Corrsy, an EdTech startup with Finnish and Iraqi roots, has closed its pre-seed funding round, raising $500,000. This investment milestone positions Corrsy to transform education across the SWANA (South West Asia and North Africa) region with innovative learning solutions.

The investment round was led by EQIQ, a regional venture capital firm specializing in emerging markets and founded by Mohamed Al-Hakim.

Investors include Finnish EdTech angel investor Risto Vahanen, the UK-based SuperChargers Ventures EdTech accelerator, Durubi Management Holding Company founded by Yousef Durubi, Jordanian angel investor Adel Qahwaji, and Finnish investor Pekka Hermonen.

Founded in 2019 by Mustafa Salam, Corrsy is dedicated to addressing educational challenges in Iraq and the broader SWANA region.

Mustafa’s vision for Corrsy was shaped by his personal experiences during the Iraq armed conflict, where he faced significant hardships, including the loss of his father and displacement. His mission is to leverage technology to create a positive impact on education and society.

Since its inception, Corrsy has made significant strides in the EdTech space. In 2022, the company launched its first product, the Corrsy app, which has been downloaded over 500,000 times by students in Iraq.

“We are thrilled to have the support of esteemed investors from across the globe, including Finland, Iraq, the MENA region, the UK, and other international backers, who share our vision of transforming education in the MENA region,” said Mustafa Salam, Founder and CEO of Corrsy.

“This funding will enable us to capture the largest market share in Iraq and expand our services to other markets. Our goal is to provide high-quality education to anyone with a mobile device and internet connection, helping them pass national exams, learn for life, and enjoy the learning process.”

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