Sprints, a visionary startup from Egypt, is making waves with its recent acquisition of a $3 million bridge round. This significant financial boost, spearheaded by Disruptech Ventures and supported by EdVentures and CFYE, marks a pivotal moment for Sprints as it sets its sights on expanding into ten new markets.
Launched in 2020 by the entrepreneurial duo Ayman Bazaraa and Bassam Sharkawy, Sprints emerged with a clear objective: to address the burgeoning tech talent gap in the Middle East and Africa (MEA). The startup’s innovative approach involves a guaranteed hiring program, ensuring that the talent nurtured is not only qualified but also readily employable.
At the heart of Sprints’ success is its dedicated team, described by CEO Ayman Bazaraa as the “beating heart of this success.” The team, comprising over 100 employees and 300 trainers from 12 countries, is united by a shared mission to revolutionise education through AI. Bazaraa’s pride in his team’s accomplishments is palpable, and he looks forward to the future with great anticipation.
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Sprints Redefining Educational Paradigms
Sprints stand out as an AI-powered edtech platform that is redefining educational paradigms for the future. It boasts the distinction of being the first end-to-end platform in the MEA region to offer a comprehensive solution to the tech talent gap, encompassing talent assessment, customised learning journeys, and a top-paying job guarantee.
The company’s commitment to making education accessible is evident in its unique offering of guaranteed hiring programs. These programs enable graduates to defer payment until they secure employment, thereby reducing the financial barriers to quality education.
Impressive Milestones
Since its inception, Sprints has achieved impressive milestones, delivering over 2.5 million learning hours and facilitating employment for graduates through partnerships with over 300 tech employers globally.
Sprints harbours an ambitious mission to educate 1 billion learners within the next decade. By providing world-class, agile-based learning journeys, the company aims to empower organisations to assemble top-tier tech teams across various domains, including AI, data science, mobile development, web technology, IoT, cloud computing, and cybersecurity.
The startup’s efforts contribute to a core economic and social cause, shaping a generation of digitally adept citizens equipped to excel in the future job market.
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Expansion and Recognition
Investors like Yehia Abouelwafa, co-founder and chief investment officer at Disruptech Ventures, have enthusiastically welcomed the successful closure of the funding round. He commends Sprints for its integrated tech talent platform, which streamlines talent assessment, hiring, payroll, and upskilling, thereby enabling the efficient building of world-class teams.
Sprints has not only garnered an average program rating of 4.8 but has also delivered over 52,000 learning experiences in collaboration with governments and key UN organisations. Its international acclaim includes recognition from Africa’s Business Heroes, GSV, and Holon IQ.
A Strategic Leap Forward
This strategic bridge round is set to fortify Sprints’ growth trajectory, doubling down on its impact on the tech talent landscape and positioning the MEA region as a hub of regional talent. The expansion into new markets is a testament to Sprints’ commitment to bridging the regional talent gap and fostering a global community of tech-savvy professionals.
