Tunis-headquartered GOMYCODE has raised $8 million for its Series A round from a small group of investors led by AfricInvest and Proparco. AfricInvest is making the investment via the €110 million Africa Innovation Fund, a joint venture between the North African private equity firm and Cathay Capital Private Equity. How much each member of the investment consortium, which includes returning investor Wamda Capital, is investing has not been disclosed.
The edtech startup, which was launched in 2017, will use the capital to support its expansion plans. The firm offers thirty educational courses to people in the Middle East and Africa who want to learn in-demand digital skills. Currently, over a thousand new students are signing up for GOMYCODE’s every month, a number the firm wants to dramatically increase. According to AfricInvest, the business aims to be training 100,000 students in 20 countries every year by the end of 2024.
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