GOMYCODE, a Tunisian ed-tech firm, recently closed an $8 million Series A investment led by AfricInvest and Proparco through the Cathay AfricInvest Innovation Fund (CAIF); Wamda Capital, who had previously participated in the Seed round, has also continued to invest.
The cash will be used to further the startup’s objective of democratizing technology education across the Middle East and North Africa (Middle East and Africa).
GOMYCODE began in Tunisia and has since expanded to eight countries across the Middle East and North Africa. Every month, over 1000 new students sign up for one of GOMYCODE’s 30 instructional courses to gain digital skills.
GOMYCODE courses use an innovative blended education methodology that combines instructor-led instruction with self-directed, active learning to provide students with clear benchmarks while also allowing them to acquire topics at their own speed.
The objective of the organization is to close the skills gap between MEA’s existing educational infrastructure and the digital skills required in today’s global job market.
GOMYCODE’s CEO and co-founder Yahya Bouhlel stated, “We’re addressing a market that nearly no other firm is capturing at our size.”
“Due to their lack of understanding of local markets and expensive price points, local traditional training facilities offer obsolete content and technique, and international online players struggle to enroll African students.” We use a blended learning approach, teach in twelve different languages, and are presenting ourselves as regional leaders. “I want to express my gratitude to our investors for believing in what we’re doing, and I’m looking forward to what’s next,” Bouhlel added.
GOMYCODE’s job placement program has successfully placed 80% of its students, facilitating career shifts, upward mobility, and varied income streams for thousands of graduates.
By 2024, the startup plans to add 50 new facilities in 12 countries across MEA.
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