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Egypt’s Farid raises $250K Pre-Seed to support children’s mental health

September 18, 2024
Farid funding

Formerly known as Farid Academy, Farid is an online platform that provides innovative educational solutions to improve children's well-being and personal skills. It will use the funds to expand its educational platform and enter other markets — including Saudi Arabia and the United Arab Emirates — following several strategic partnerships with Egyptian schools.

Farid aims to increase its subscriber base, targeting 20,000 new subscribers over the next two years and train 10,000 graduates to become certified trainers by 2030.

Funding 💰

Round $250K
Pre-Seed
Lead investor(s) Amal bint Abdulaziz Al-Ajlan

Quotes 💬

“
The company will use the funding to expand its platform, develop new training content, hire new employees and trainers, and expand into Saudi Arabia and UAE. The company will also work on forming partnerships with many schools and universities to enhance its reach to the target audience.
— Mahmoud Hussein, Founder and CEO

About 🏢

Farid is an EdTech startup focused on character education and mental health support for children and youth aged 3 to 18 years. The company employs modern educational methodologies to develop personal and psychological skills. Farid is the first such platform in the Middle East and North Africa. It also offers training for youth and graduates to become certified trainers in its educational and psychological methodology. The company was selected among the top 100 startups at the LEAP2024 conference, held in Riyadh in March 2024. more
source

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