iSchool Secures USD4.5M in Funding Round led by VentureWave

The newly raised capital will drive iSchool's swift expansion into six additional countries in the MENA region.
iSchool Secures USD4.5M in Funding Round led by VentureWave

iSchool announced it raised $4.5 million in a funding round led by VentureWave Capital, an Irish VC, followed by OneStop Capital UK, Website Investment Network, and Oraseya Capital the Venture Capital arm of Dubai Integrated Economic Zones Authority, according to a company statement.

Through its platform, iSchool offers live gamified classes led by top coding instructors, catering to students aged 6 to 18. 

The curriculum spans AI, VR, App Development, Game Development, and Web Development, fostering foundational concepts from early childhood. This unique approach and international accreditation have propelled iSchool’s rapid growth.

iSchool’s journey began in 2018 as a solution for the 100M students who don’t have access to technology education curriculums or programs in the MENA region. 

Having experienced these struggles and challenges in their tech education journey, the iSchool founders set out to improve students’ access to key staples. Through operational excellence, the company has achieved more than 72% customer retention month over month.

With these significant milestones, iSchool Holdings establishes its presence in Ireland, propelling the company to a global scale, and planning to grow a new team in Dublin.

The newly raised capital will drive iSchool’s swift expansion into six additional countries in the MENA region, facilitating technological scaling for the ‘Online Coding Platform,’ and preparing for the extension of its gamified online classroom app service throughout Sub-Saharan Africa.

Commenting on iSchool’s growth ambitions, Muhammad Gawish, Co-Founder and CEO at the ISchool, says, “We started by teaching tech for K12 students, and today we are giving the World access to thousands of top-notch coding instructors from their comfort at home with a click of a button. 

“Our mission is to empower today’s generations to become tomorrow’s technology leaders beginning in the Middle East and Africa, and spreading to the rest of the world. Using dynamic technology and a deep understanding of the end-to-end live classes process, we are growing a simple idea into a product that we believe can improve the lives of millions of people, “Gawish added.

“We are delighted to be joined by several vastly-experienced and strategic investors, whose expertise will not only play a vital role ahead of our future expansion, but also in our current activities managing national-level initiatives in Egypt, Saudi Arabia, and the United Arab Emirates”

Reflecting on the growth and potential of iSchool, Kieran McLoughlin, Managing Partner of VentureWave Capital said: “VentureWave Capital is thrilled to lead this funding round for iSchool and to back such an innovative company that is making a significant impact on education in the Middle East and Africa.

” This investment aligns perfectly with our mission to achieve social progress by supporting transformative entrepreneurs. We are delighted to play our part in iSchool’s ambitious plans to bring their unique educational model to new markets and to empower the next generation of technology leaders.”

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