AI-Powered EdTech Sprints Raises $3M in Bridge Funding Round

Sprints.ai, the AI-powered educational technology platform transforming education for the future, has announced a $3 million bridge funding round led by Disruptech Ventures. EdVentures and CFYE, among other investors, participated in the round. This strategic bridge financing boosts the company’s growth trajectory as it expands its impact on the tech talent landscape by entering ten new markets.

Sprints, co-founded by Ayman Bazaraa and Bassam Sharkawy, is the first end-to-end platform for bridging the tech talent gap, including talent assessment, personalized learning journeys, and top-paying job guarantees. It is the first EdTech firm in MEA to provide guaranteed hiring programmes, allowing graduates to pay only after successful hiring for three years. Since its inception in 2020, the startup has delivered over 2.5 million learning hours and secured graduate jobs with over 300 tech organizations worldwide.

Speaking on the fundraising, Chief Executive Officer of Sprints, Ayman Bazaraa, said:

Our team is the beating heart of this success. We’re a proud force of passionate trailblazers, consisting of over 100 employees and 300 trainers from 12 countries, united by a single mission: revolutionising education through AI. This investment is a resounding validation of the team’s tireless efforts and unwavering dedication. Today, I stand proud of what we’ve collectively accomplished and brimming with anticipation for the future we will pave together.

Sprints, with a vision to educate 1 billion learners in ten years, provides world-class, agile-based learning journeys that enable enterprises to establish top-tier tech teams in all academic fields, including but not limited to AI, data science, mobile, web, IoT, cloud computing, and cybersecurity. Contributing to a vital economic and social cause, the platform is shaping a generation of tech-savvy people who will succeed in the world of future jobs.

Commenting on the successful closure of the bridge round, Yehia Abouelwafa, Co-founder & Chief Investment Officer at DisrupTech Ventures, stated:

We are proud of Sprints for decoding the growth dilemma with their All-in-One Tech Talent platform, which seamlessly integrates talent assessment, hiring, payroll, and upskilling to empower companies and governments alike to build world-class teams more efficiently than ever. We are firm believers in Sprints’ mission. We will continue leveraging our 70 years of combined know-how to unleash the potential of regional talent to develop the necessary calibre for digital economies.

Sprints’ geographical growth will not only bridge the regional talent gap but also establish MEA as a regional talent hub. The firm aims to equip more than 200,000 learners with the skills and knowledge needed to succeed in the face of tomorrow’s technological workforce challenges.

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