Kouncel has raised $1.2 million in its latest funding round, the funding round was led by Zaldi Capital for investment “an Investment Bank focused on SMEs and Assets Management”, the African Development Bank (AFDB), the Academy for Scientific Research and Technology (ASRT) &Tanmia wa Tatweer – Egypt’s entrepreneurship development project.
The funds will be disbursed in banknotes for €250,000, with the rest being provided in-kind as services.
Kouncel is Mena’s first online legal education platform, designed to provide lawyers and enterprises in the Mena region with a unique training experience based on their different jurisdictions.
Kouncel.com first aimed to reach thousands of learners and then expanded to provide premium customised courses to individuals and enterprises in Egypt and the Gulf region.
The platform has a wide range of courses categories such as arbitration, legal drafting, corporate law, intellectual property, banking and non-banking law, law for startups, etc. which consist of weekly learning sequences.
Each learning sequence is composed of short videos interspersed with interactive learning exercises, where students can immediately practise the concepts from the videos.
The courses often include tutorial videos that are similar to small on-campus discussion groups, an online textbook, and an online discussion forum where students can post and review questions and comments to each other and teaching assistants.
“Education forms a key part of Egyptian Economic Vision 2030, and law plays an important role in creating a healthy environment for businesses and pushes FDIs forward. and we aim to provide a highly sophisticated education experience to everyone in the legal field which will positively impact the ecosystem,” said Ibrahim Saleh, founder and CEO of Kouncel.
“Legal education has never been easier – discover various topics in the legal field and master law with Mena’s top counsels.”