GOMYCODE, the primary Edtech startup in Tunisia, received $ 8 million within the A collection

Tunisian startup GOMYCODE recently closed a $ 8 million Series A-led funding series led by AfricInvest through Cathay AfricInvest Innovation Fund (CAIF), Proparco and Wamda Capital, which also continued to invest after the initial investment in raising the initial funds. The funds will enable the startup to realize its mission of democratizing technological education in the MENA region and Africa.

GOMYCODE, which began operations in Tunisia, is currently present in eight countries in the Middle East and Africa region. Each month, more than 1,000 new students enroll in one of 30 GOMYCODE courses to acquire digital skills that are in high demand in the labor market. The company’s mission is to bridge the gap between the region’s existing educational infrastructure and the digital skills required in today’s global labor market. By 2024, the launch will open 50 new locations in 12 countries in the region.

“To our extent, we are responding to a demand that almost no other company currently offers,” said Yahya Bouhlel, CEO and co-founder of GOMYCODE. “Traditional local training centers offer outdated content and methodology, and international online players have trouble reaching out to African students because they do not understand local markets and unaffordable prices. that he believes in what we do, and I can’t wait to see what awaits us. ”

A unique model of blended learning

“This fundraising will enable us to continue to fulfill our mission to build a sustainable, scalable and accessible learning platform in Africa and the Middle East. In a region where 50% of young graduates find themselves out of work, where population growth far exceeds the development of existing educational capacities and where dynamic youth are eager to learn and acquire new skills, GOMYCODE brings an innovative mix of online learning platforms. , physical space and the help of instructors, the most relevant and effective solution, ”explains Amine Bouhlel, co-founder and COO of GOMYCODE.

GOMYCODE courses use an innovative blended learning model: a combination of instructor-led training and self-directed active learning that is designed to challenge students with clear checkpoints while giving them the flexibility to master the content at their own pace.

This blended model effectively teaches students the skills that are most in demand in the job market, offering more than 30 learning pathways from web development to digital marketing, from data science to artificial intelligence, in addition to being affordable and accessible to all. GOMYCODE has successfully placed 80% of its students through an internship program and has facilitated career change, upward mobility and diversification of income sources for thousands of graduates.

Increased presence in Africa and the Middle East

After initial fundraising led mainly by Wamda Capital and Flat6labs, etc … – $ 850,000 in October 2020 – GOMYCODE opened its doors in Morocco, Egypt, Côte d’Ivoire, Senegal and Nigeria. Series A funding will strengthen the startup’s presence in twelve countries, including South Africa, Kenya, Ghana and Saudi Arabia, and expand its presence in countries where it is already based, including two of the largest markets in Africa: Egypt and Nigeria. 2024

Khaled Ben Jilani, Senior Partner at Africinvest, added: “We are excited to be part of this incredible journey with the GOMYCODE team and we are proud to see them grow in this new phase. The team has built a unique scalable platform that gives young Africans access to affordable digital skills with consistent quality, solving one of the continent’s most complex and important challenges. The edtech market is untapped in Africa and solutions like GOMYCODE will have an extremely positive impact on all players in the technology and education ecosystem.

Fadi Ghandour, founder of Wamda Capital, explains: “After meeting Yahya and his team during a visit to Tunisia a few years ago, I knew we had to invest in the company. We are proud to continue to be part of this adventure to prepare and train highly innovative students. and relevant to the world of work tomorrow and invest in GOMYCODE ”.

Khaled Helioui, investor and board member, adds: “In just a few years, GOMYCODE has changed from a simple bootcamp in Tunisia to building the fastest growing educational platform on the continent, enabling young Tunisians to aspire to a career in technology. sector.

GOMYCODE’s local influence is unparalleled – it has trained more than tens of thousands of young people so far – and their unique model now allows them to expand their influence in a sustainable way in neighboring countries to reduce the severe shortage of talent trained in Africa. What Yahya and the GOMYCODE team have achieved is an unprecedented precedent on the continent and an example of what talented and hard-working young Africans can achieve if they are promised trust and support. ”

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