Egyptian tech talent startup Sprints raises $3 million fund to fuel expansion into 10 new markets

Egypt-based tech talent education startup, Sprints has raised a $3 million bridge round. The round, led by Disruptech Ventures, with support from EdVentures and CFYE, among other investors is expected to fuel the startup’s expansion drive into 10 new markets.

Founded in 2020 by Ayman Bazaraa and Bassam Sharkawy, the startup is looking to bridge the tech talent gap in the MEA region by preparing qualified talent for the labour market with a guaranteed hiring programme.

Speaking about the fundraiser, CEO, Ayman Bazaraa, was full of praise for his team describing the members as  the “beating heart of this success.”

“We’re a proud force of passionate trailblazers, consisting of over 100 employees and 300 trainers from 12 countries, united by a single mission: to revolutionise education through AI. This investment is a resounding validation of the team’s tireless efforts and unwavering dedication. Today, I stand proud of what we’ve collectively accomplished and am brimming with anticipation for the future we will pave together,” he said.

Sprints is redefining education for the future

Sprints is an AI-powered edtech that says it is redefining education for the future. The founders claim it is the first end-to-end platform to bridge the tech talent gap, spanning talent assessment, customised learning journeys, and a top-paying job guarantee. 

The company also claims to be the first edtech startup in the MEA region to offer guaranteed hiring programs, thus allowing graduates to only pay upon successful hiring over 3 years. 

Since launching in 2020, Sprints says it has delivered more than 2.5 million learning hours and secured graduate employment through over 300 tech employers across the globe.

It also says it is on a mission to educate 1 billion learners in 10 years by delivering world-class, agile-based learning journeys that empower organisations to build top-notch tech teams in all tracks, including but not limited to Artificial Intelligence, data science, mobile, web, IoT, cloud computing, and cybersecurity. 

The company believes that by doing these,  it will be Contributing to a core economic and social cause while shaping a generation of digitally adept citizens, poised to thrive in the world of future jobs.

Commenting on the successful closure of the funding round, Cofounder and Chief Investment Officer at DisrupTech Ventures, Yehia Abouelwafa, stated that they are proud of Sprints.ai for decoding the growth dilemma with their all-in-one tech talent platform, which seamlessly integrates talent assessment, hiring, payroll, and upskilling to empower companies and governments alike to build world-class teams more efficiently than ever. 

“We are firm believers in Sprints’ mission, and will continue leveraging our 70 years of combined know-how to unleash the potential of regional talent to develop the necessary calibre for digital economies,” he said. 

With an average program rating of 4.8, the startup says it has successfully delivered over 52,000 learning experiences, while working hand-in-hand with the governments of Egypt, KSA, the UAE, the Netherlands, Germany, and the US, alongside key UN organisations, to deploy nationwide initiatives focusing on tech talent development and employment. 

The company also says it has received international recognition from Africa’s Business Heroes, GSV, and Holon IQ.

The company says this strategic bridge round would further strengthen its growth trajectory as it doubles down on its impact on the tech talent landscape by venturing into 10 new markets. The geographical expansion of Sprints will not only bridge the regional talent gap but also position MEA as a regional talent hub, as they plan to equip more than 200,000 learners with the skills and knowledge required to thrive in the face of tomorrow’s tech workforce challenges.

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