(MENAFN- Daily News Egypt) Educatly, a global higher education network, has raised $2.5m in a new funding round led by TLcom Capital and PlusVC. The investment will fuel the platform's expansion across the Middle East and Africa.

Egypt Venture and the HBAN syndicate also participated in the round, underscoring the company's rapid growth since its launch in 2020. Educatly previously secured $1m in pre-seed funding from Enterprise Ireland, Falak Startups, and other investors.

The platform uses artificial intelligence and large language models to provide students with information on universities, programs, and scholarships worldwide. It also helps universities connect with potential students.

“This funding validates our mission to bridge the gap between students' aspirations and available educational opportunities,” said Engineer Mohamed El-Sonbaty, founder and CEO of Educatly.“We will use these funds to accelerate our growth, expand our reach, and enhance our services.”

Dr Abdelrahman Ayman, co-founder and chief operating officer, added:“Educatly has already reached over 3 million students and aims to serve 7 million by the end of the year. Our focus is on helping students choose their fields of study, find suitable programs and universities, and connect with a global community.”

The company operates research and development centres in Cairo and Dubai, investing $500,000 annually to develop its platform.

Educatly currently features more than 1,100 universities in 90 countries and offers financial support options through partnerships.

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