It’s a normal phenomenon to feel gleeful at the assurance that your goal or mission has received fresh resources to boost your spirit and get you closer to achieving it. In this case, the gleeful party is Egyptian edtech startup Orcas. The edtech startup indigenous to Egypt has received brand new investment from Cairo Angels.
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Cairo Angels, previously known as Cairo Sitters is a network of Egyptian investors whose aim is to provide resources in form of funds to startups in the country in order to strengthen the startups.
On the other hand, Orcas is a startup in the edtech category that provides tutorial services to the citizens of Egypt. Also, Orcas is a digital marketplace that provides babysitting classes. This shows the versatility of the startup. Offering services in languages such as Arabic, French, German and English, the startup also serves as a link connecting parents and carers of babies. The carers are examined and are selected using a grade system.
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The freshly received funds from Cairo Angels which is undisclosed at the moment, will be used in improving the startup’s efficiency in delivering the best services. The funds received by Orcas makes the edtech startup the twentieth startup to benefit from Cairo Angels’ benevolence.
Hossam Taher, cofounder/CEO of Orcas stated that the funds from Cairo’s prestigious investors will be a medium to propagate the services of Orcas in Egypt and the Middle East region.
“We are delighted to partner with the Cairo Angels and to achieve this important milestone. We are now well capitalized to take Orcas to the next level and we look forward to working with some of the strongest mentors in the region to enhance our product offering and expand regionally,” explained Taher.
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In as much as the investment could be an influx of new breath into the edtech startup, it isn’t the first investment Orcas has ever received. Another Egyptian angel Fund, Kamelizer was the mastermind behind the funds last year.