Geek Express, an Edtech startup based in Beirut and Dubai has successfully closed a $520,000 Pre-Series A round.
Global EdTech investments stand out in the entrepreneurship world, and investment amounts are also increasing. Last month, we conveyed about EdTech funding. While EdTech investments reach $ 4.1 billion, investor interest in EdTech startups continues to grow.
The latest round brings a total funding threshold of $860,000 for the company after an angel round closed in early 2019.
EdTech platform will benefit the fresh funds to expedite the development of the platform and secure content partnerships in 2020, before reaching the profitability and growth stage in 2021.
EdTech Startup Geek Express
Geek Express was founded in 2017 by Manal Hakim, and Rayan Najdi, the platform enables youth in the MENA region with the STEAM skills needed in today’s world. STEAM is a term used in the field of education, consisting of the initials of science, technology, engineering, art, and mathematics. The STEAM-based learning experiences range from self-paced videos, to a comprehensive hybrid tech journey that includes camps and live online courses. All services and courses are accessed through a gamified app where students can educate themselves at their own pace.
EdTech Startup Geek teaches students STEAM through a comprehensive Arabized journey of online classes, and do it yourself technology boxes. Today, Geek Express has over 1800 students across the MENA region, ranging from K-12 to high schoolers. It also has a team of more than 13 developers and community managers and over 200 teachers.
Hakim, Co-founder & CEO of Geek Express, in a statement said,
“The round is strategic given that National Talents are an EdTech partner in Saudi, which helps us penetrate the market and expand our reach. I’m really proud to state that we have a 60 per cent-40 per cent female to male ratio between our team and students.”
Geek Express has democratised technology, making it available to all youths independent of age and background. Students at Geek Express have the option of learning how to code, design, build, and create tangible projects that translate into reality. This is how students are able to process the concept and further develop their cognitive skills.
Ugur Yilbasi is a Junior Research Fellow at European Institute of Policy Research and Human Rights. Ugur is a senior student at Department of Molecular Biology and Genetics, Istanbul Kültür University.