Sprints Secures $3 Million Bridge Round for Expansion of its AI Edtech Platform
Sprints.ai, a pioneering AI-driven EdTech company shaping the future of education, has announced the successful closure of a $3 million bridge fundraising round. The round was led by Disruptech Ventures, with significant contributions from EdVentures and CFYE, along with other notable investors.
Founded by Ayman Bazaraa and Bassam Sharkawy, Sprints stands out as the first end-to-end platform designed to address the tech talent gap comprehensively. Offering services ranging from talent assessment to customized learning paths and guaranteed job placements, Sprints has been at the forefront of revolutionizing the EdTech landscape. Notably, it is the first EdTech startup in the MEA region to introduce guaranteed hiring programs, wherein graduates only pay upon securing employment over a period of three years. Since its inception in 2020, Sprints has facilitated over 2.5 million learning hours and facilitated graduate placements with more than 300 tech employers worldwide.
Driven by a bold mission to educate one billion learners within a decade, Sprints provides agile-based learning journeys across various tech disciplines including AI, data science, mobile development, web development, IoT, cloud computing, and cybersecurity. By doing so, the company is not only addressing economic imperatives but also shaping a digitally proficient workforce ready to excel in future job markets.
Ayman Bazaraa, CEO of Sprints, expressed his gratitude for the company’s dedicated team, comprising over 100 employees and 300 trainers from 12 different countries. He highlighted the investment as a validation of their collective efforts and unwavering commitment to revolutionizing education through AI.
Yehia Abouelwafa, Co-founder and Chief Investment Officer at DisrupTech Ventures, commended Sprints for its innovative approach in tackling the challenges of talent development. He emphasized the importance of Sprints’ All-in-One Tech Talent platform in empowering organizations and governments to build high-caliber tech teams efficiently.
With an impressive program rating of 4.8, Sprints has delivered over 52,000 learning experiences, collaborating closely with governments and international organizations to implement large-scale initiatives focused on tech talent development and employment. The company’s efforts have been recognized internationally, including accolades from Africa’s Business Heroes, GSV, and Holon IQ.
The successful bridge round not only reinforces Sprints’ growth trajectory but also enables the company to expand into 10 new markets. By doing so, Sprints aims to not only address regional talent shortages but also establish the MEA region as a key talent hub. With plans to equip over 200,000 learners with the necessary skills, Sprints is poised to tackle the challenges of tomorrow’s tech-driven workforce head-on.
