Crafty Workshop, an Egypt-based Edtech company, has successfully secured a seed funding round of $400,000, led by EdVentures, according to a company statement.
EdVentures is an edtech-focused corporate venture capital in the Middle East.
Founded in 2017 as the investment arm of Nahdet Misr Group, the company provides incubation, acceleration, and investment programs for startups operating in the education sector.
Crafty Workshop offers a diverse range of creative courses and workshops, catering to individuals interested in art, design, illustration, programming, game development, photography, animation, handicraft, and more.
This is the second investment round that Crafty has received from EdVentures.
The company aims to extend its operations to the Gulf Region, further diversify its content offerings to include 500 subjects in the creative industries by 2024 and develop a specialized product for schools involved in creative productions.
In addition to its role as an educational platform, Crafty Workshop also serves as a vocational skills training provider, addressing the pressing issue of youth unemployment.
By offering vocational training programs, the company equips learners with the necessary knowledge and skills, helping them secure job placements and career opportunities.
Founded in 2019 by Hadeer Shalaby and Amgad Moustafa, Crafty Workshop is a leading e-learning platform that specializes in the creative industries.
Hadeer Shalaby, co-founder of Crafty Workshop, expressed enthusiasm about the future prospects, said, “We are thrilled to have received this investment from EdVentures, which will enable us to accelerate our growth and make a greater impact in the Edtech space. We are excited to expand our reach to the Gulf Region, enrich our content library, and enhance our offerings for schools involved in creative productions.”
“We are delighted to continue our support for Crafty Workshop. Our initial investment in 2019 marked the beginning of a successful partnership, and since then, Crafty has made remarkable strides in both the Egyptian market and the Gulf region,” Maged Harby, General Manager of EdVentures, said.
“At EdVentures, we are committed to investing in endeavors that foster innovation in the ed-tech ecosystem and contribute to the development of human capabilities. Crafty Workshop aligns perfectly with our vision and mission,” added Harby.
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