Beirut and Dubai based start-up, Geek Express has announced in August 2020, that it has received USD 520,000 in a pre-series A round led by IM Capital, National Talents, DHV Partners and Lebanese angel investor. The latest investment brings the total funding received by the company to USD 860,000 after an angel round closed in early 2019.
Talking about the investment, Co-founder and COO of Geek Express, Rayan Najdi said, “We’ve achieved great success in creating a hybrid learning model, teaching relevant skills to today’s youth. We believe Geek Express sets the foundation of a futuristic school whereby thousands of MENA ( Middle Eastern North African) students will have access to STEAM skills from the comfort of their homes.”
Started in the year 2017, by Rayan Najdi and Manal Hakim, Geek Express enables youth in the MENA region with the STEAM skills needed in the real world. The STEAM-based learning experiences range from DIY boxes complimented by self-paced video lessons, to a comprehensive hybrid tech journey which includes live online courses. All services and courses are accessed through a gamified app where students can engage, book, compete and educate themselves at their own pace.
Geek Express Team
The startup has democratized technology to make it available to the youth, independent of background and age. Geek Express also provide the option to the students to learn how to design, build, code and create tangible projects that translate into reality. This is how students are able to process the concept and further develop their cognitive skills.
The company claims to have over 1800 active students across the MENA region, ranging from K-12 to high schoolers.
The new funding will allow the Edtech startup to fasten the development of the platform and gain content partnerships in 2020, before reaching the profitability and growth stage in 2021.
Co-founder and CEO of Geek Express, Manal Hakim, commented, “The round is strategic given that National Talents are an EdTech partner in Saudi, which helps us penetrate the market and expand our reach,” says Hakim, co-founder and CEO, “I’m really proud to state that we have a 60%-40% female to male ratio between our team and students.”
We try our best to fact check and bring the best, well-researched and non-plagiarized content to you. Please let us know
–if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!
