Cairo, Egypt: EdVentures, the company enterprise capital arm of Nahdet Misr Group and the area’s main EdTech targeted CVC, has introduced a strategic funding in LRNOVA, a cutting-edge startup harnessing the facility of synthetic intelligence to rework how academic content material is created.
This funding was made via the EdTech Enterprise Studio (EDVS) program, launched by EdVentures in partnership with the Problem Fund for Youth Employment (CFYE). This system is designed to foster digital innovation, empower youth, and generate new employment alternatives inside Egypt’s rising EdTech ecosystem.
LRNOVA’s platform permits organizations and people to rework conventional curricula and coaching supplies into high-quality, interactive digital content material—at a fraction of the standard time and value by leveraging AI. The answer additionally helps the creation of full coaching programs, presents a variety of culturally tailor-made avatars, and is out there in a number of languages, together with Arabic. With its AI-powered digital tutor, LRNOVA delivers customized studying experiences tailored to every person’s wants.
The funding displays EdVentures’ evolving technique of backing AI-driven improvements that improve each the standard and accessibility of training. This builds on the corporate’s long-standing mission of supporting pioneering Edtech options and reinforces its dedication to empowering startups driving digital transformation within the sector.
Dalia Ibrahim, Founder and CEO of EdVentures, commented: “We strongly consider within the transformative potential of AI in training. Our funding in LRNOVA just isn’t merely monetary help; it represents a transparent step in our new strategic course. We’re excited concerning the platform’s skill to dramatically cut back the time and value of manufacturing high-quality academic content material, enabling establishments and people to design extra trendy, partaking, and interactive studying experiences.”
Mohamed Amer, Founder and CEO of LRNOVA, added: “This funding from EdVentures is a significant milestone for us. Past funding, it brings beneficial strategic experience and partnerships that can speed up our regional enlargement. With this help, we will pursue our imaginative and prescient of creating content material creation extra accessible, various, and impactful throughout the Arab world.”
As a part of its development plan, LRNOVA is prioritizing the Saudi market, with additional enlargement into the Gulf on the horizon. Its enterprise mannequin combines subscriptions with enterprise packages designed for universities, colleges, and company coaching departments.
About EdVentures: Established in 2017, EdVentures is the funding arm of Nahdet Misr Group and the main EdTech specialised company enterprise capital agency within the MENA area. The corporate helps startups and younger entrepreneurs working within the training and EdTech sectors via its incubation, acceleration, and funding packages. Since its launch, EdVentures has supported over 95 startups and invested in 28 of them.
About LRNOVA: LRNOVA is an AI-powered platform that allows fast, cost-efficient creation of interactive academic and coaching content material. Its options embrace course digitization, avatar-based movies, and digital tutoring in a number of languages, together with Arabic.
Concerning the Problem Fund for Youth Employment (CFYE): Funded by the Dutch Ministry of Overseas Affairs, CFYE helps inclusive and sustainable youth employment, with a give attention to empowering ladies throughout MENA and past.
Concerning the EdTech Enterprise Studio (EDVS): A joint initiative by EdVentures and CFYE, EDVS goals to rework the Edtech sector by selling digital innovation, youth empowerment, and job creation throughout the area.
