Egyptian ed-tech startup Farid has raised US$250,000 in pre-seed funding from Saudi businesswoman Amal bint Abdulaziz Al-Ajlan, at a time when the company is entering into several strategic partnerships with schools across Egypt to quicken its expansion.
Founded by Mahmoud Hussein in 2024, Farid provides direct, one-on-one sessions for character-building and mental health support for Arab children aged between three and 18. It also offers training for youth and graduates to become certified trainers in Farid’s educational and psychological methodology.
The US$250,000 in pre-seed funding, secured from Saudi businesswoman Amal bint Abdulaziz Al-Ajlan, will be used to expand its platform, develop new training content, hire new employees and trainers, and expand into Saudi Arabia and the United Arab Emirates (UAE). The company will also work on forming partnerships with more schools and universities to enhance its reach to the target audience.
Hussein said he was happy and proud to have secured the trust of Amal bint Abdulaziz Al-Ajlan, and said the startup aimed to increase its number of subscribers to 20,000 over the next two years.
