Farid, an innovative Egyptian edtech startup, has recently obtained 250,000 in pre-seed funding from Saudi entrepreneur Amal bint Abdulaziz Al-Ajlan. This financial boost will enable the company to expand its educational platform and venture into global markets, particularly Saudi Arabia and the United Arab Emirates.
Founded in 2018 by Mahmoud Hussein, Farid formerly Farid Academy has established itself as a prominent player in the Middle East and North Africas educational technology sector. The platform specializes in character education and mental health support for children and adolescents aged 3 to 18, employing modern educational methodologies to nurture personal and psychological skills.
With this new funding, Farid aims to significantly increase its subscriber base. The company has set ambitious targets, including attracting 20,000 new subscribers over the next two years and training 10,000 graduates to become certified trainers by 2030. These goals align with Farids mission to provide innovative educational solutions that enhance childrens well-being and personal skills.
Mahmoud Hussein, Farids founder and CEO, outlined the companys plans for utilizing the funds. The startup will focus on expanding its platform, developing new training content, hiring additional employees and trainers, and establishing a presence in Saudi Arabia and the UAE. Farid also intends to forge partnerships with schools and universities to broaden its reach to the target audience.
The platforms expansion plans include enhancing its content offerings. Farid will introduce new workshops and curricula designed to improve childrens skills, nurture their talents, and support their mental health. These additions aim to equip young learners with the tools to face future challenges confidently.
