Egypt-based EdTech startup Farid has announced the successful closure of a $250,000 pre-Seed funding round from Saudi businesswoman Amal bint Abdulaziz Al-Ajlan. This funding comes at a time when the company is expanding its operations and entering into strategic partnerships with schools across Egypt.

Founding Vision and Innovative Approach

Founded in 2024 by Mahmoud Hussein, Farid is an innovative platform focused on providing character education and mental health support for children and youth aged 3 to 18. Using modern educational methodologies, the platform helps develop personal and psychological skills, offering a unique approach to improving children's well-being and enhancing their personal development.

CEO’s Statement on Funding

Mahmoud Hussein, Farid’s founder and CEO, expressed his excitement about the funding and the trust placed in the company by Amal bint Abdulaziz Al-Ajlan. Hussein emphasized that the funds would be used to expand the platform, develop new training content, hire new employees and trainers, and further expand into Saudi Arabia and the UAE.

Regional Expansion and Growth Plans

Farid’s expansion plans include launching the platform in additional schools and educational institutions in Egypt, Saudi Arabia, and the UAE. The company aims to increase its subscriber base to 20,000 within the next two years, while also introducing workshops and new curricula to enhance children's personal skills and mental well-being.

Training Future Educators

By 2030, Farid plans to train 10,000 graduates from education colleges to become certified trainers in its educational and psychological methodologies. This initiative is part of its broader strategy to address the growing demand for character education and personal development in the region.

Commitment to Education and Well-being

Farid's mission is to provide innovative solutions that support children's personal development and mental health. Through its unique educational methodology, the platform has positioned itself as a leading EdTech solution in the Middle East and North Africa, with a focus on character education and mental well-being.

CEO’s Perspective on Innovation and Investment

"We believe that innovation in education is key to attracting funding," Hussein noted. He highlighted the increasing demand for personal skills education and self-development in the region, adding that Farid's regional expansion plans and unique approach make it an attractive investment option for those supporting education and well-being.

The successful closure of Farid's pre-Seed funding round is a significant milestone for the company, and it marks an important step in its journey to provide innovative educational solutions to support the well-being and personal development of children in the region. With its commitment to education and well-being, Farid is poised to make a positive impact on the lives of thousands of children in the Middle East and North Africa.