Egypt’s EdTech startup COLNN -a school Software as a Service (SaaS) provider- has raised $100,000 from EdVentures, one of MENA’s leading corporate venture capital specializing in education, culture and innovative learning solutions.
COLNN was launched in 2015 by Tamer Samir, to help schools manage their internal processes, departments and activities through an integrated mobile app that connects teachers, parents, and students.
Dalia Ibrahim, the Founder of EdVentures and the CEO of Nahdet Misr Publishing House announcing this investment said: “We were keen to add COLNN to our portfolio of companies as it perfectly aligns with our objective in developing and offering new and innovative educational solutions that further strengthen the educational sector in our country”.
Tamer Samir, Founder of COLNN added that “Becoming a part of EdVentures will support our expansion plans through benefiting from Nahdet Misr’s long experience in the educational field, which spans to more than 80 years, moreover, its extensive local and international network will help us enter new markets.”
EdVentures invests in startups specializing in education, culture and innovative learning solutions in SEED and Pre-Series A rounds focusing on Egypt, Africa, and the Arab World. The corporate VC was launched in 2017 by Nahdet Misr Publishing House. It provides technical and financial support to startups to ensure success and continuity in the market by providing investment according to the needs and maturity level of each company.