Hey folks,
Eid Mubarak! Every year we hear about Ramadan being a slow month with barely any activity. This Ramadan was surprisingly busy in the region and for AVC as well, and it was refreshing to see the ecosystem bustling un-caffeinated š On the AVC end, weāre so excited to tell you about a new offering we have in the works, and our latest investment, POS Rocket. Hope you all have a great Eid break and start to the summer holidays!MENA EDTech Startups
This month, we looked at the EDTech sector in MENA. EDtech companies focus on designing effective academic instruction using technology, media and learning theory. Ā Our map illustrates a variety of categories in the market where we are seeing an increase in number of and growth in regional startups. Ā We found a large number ofĀ startups focused on creating educational content and software for young learners in Arabic, as can be seen below. In addition, companies offering platforms for tutoring and providing supplemental courses linked to public curriculums are increasing, indicating the dire need for quality educational content and delivery. Overall, with the increase in internet penetration and new forms of media in the region, there appears to be huge potential for further innovation and growth in this sector. Where are the gaps in MENAĀ edtech? Can it scale across the region?
Reap the Seeds you Sow 🌱
This has been on our mind at AVC & hereās what we are going to do about it…
We are taking the initiative to invest in the seeds of the ecosystem. This fall, we are launching a dedicated Pre-Seed platform to turn this story around. How it works Startup founder(s) will log onto our Pre-Seed platform, tick simple criteria boxes, upload a pitch deck, hit submit and track our investment process. Within two weeks the founder will receive a decision. If approved, s/he will receive $25,000 and all legal/admin documents required. Ā The founder will then need to raise at least another $25,000 (from angels) based on our standard terms.Ā Wait – thatās not it!Ā Once youāre in, youāre in! We will continue funding up to Series A and the ticket size will vary per stage. Sweet. Thereās more, but weāll keep the other perks as a surprise for you once we launch! Our investment criteria We are looking for the basics: 🌱 Minimum round of $50,000 🌱 A technical co-founder (available or joining) 🌱 Focusing on a Large market 🌱 Operating in a legal entity We will invite other angels/VCās to co-invest, provide feedback and interact via our platform.too long; didnāt read We are launching our in-houseĀ Pre-Seed PlatformĀ to invest in companies at MVP stage in September 2017. Ā Companies that meet the investment criteria will receive a decision (within two weeks!), followed with $25k in funding + required documentation.We would love to hear your thoughts. Ā What would you like to see on the platform? What capabilities/functionality would make the process for you smoother as a founder? Investor? Ā HitĀ replyĀ and let us know. |
5 things you’ll want to check out
- How to call BS on big data – because youāre smarter
- What is and isnāt founder friendly
- Donāt fear the incumbent
- You donāt have to please everyone, really
- 3 views on growth vs profitability
Family Postcard
Ramadan Careem CareemĀ raised $150m toĀ close out its $500M Series E round. Also, Careem launched operations in Palestine and is working towards improving mobility and economic growth in the country.

Welcome to the fam


On this festive occasion, Iād like to wish you happy eid to you and your loved ones!
