EdVentures announced that it has invested $400,000 in OTO in cash and in-kind services in an effort to improve distance learning methods and support startups in Egypt and the Arab world. The aim of this investment is to expand the company’s platform and services to a larger segment of customers, particularly middle and secondary school students, by providing education programmes in a range of areas/subjects. This, in turn, will have an impact on the students’ educational experience.

OTO was founded in 2015 by Ahmed Badr and Tarek Nour with the goal of bridging the gap between traditional education and what the market requires by providing distance educational services via its electronic platform. This provides learners with a great deal of freedom in terms of selecting session dates that are convenient for them, as well as the ability to communicate directly with lecturers.

OTO started by delivering English language courses, and since then, it has offered 350,000 hours of online instruction to more than 15,000 students and has more than 150 teachers and lecturers.

“We are delighted to continue our support for OTO, which has proven its success over the years. Its founders have succeeded in regularly upgrading the platform in order to improve the effectiveness of its services. Our investment comes today to assist OTO in extending the provision of high-quality distance learning services to thousands of learners.” said Dalia Ibrahim, CEO and Founder of EdVentures, regarding this investment.

The co-founder and CEO of OTO Courses, Tarek Nour El-Din, said: “We, at OTO, seek to be a leading platform for online learning in Egypt and the Middle East, and to provide high quality services and avail them to everyone.”

According to Ahmed Badr, the co-founder and CCO of OTO, the company aspires to play a key role in educating children and youth in the Arab world through the provision of the latest edtech. “We will continue offering high quality services at the most affordable rates to our users so all segments can benefit from our platform,” Badr added.

In Seed and pre-Series A rounds, EdVentures supports and invests in startups specialising in education, culture, and innovative learning solutions in Egypt, Africa, and the Arab World. Nahdet Misr Publishing House launched a corporate venture capital fund in 2017. It provides technical and financial support to startups in order to ensure their success and long-term viability in the market by investing according to each company’s needs and maturity level.

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