Finnish-Iraqi EdTech startup Corrsy raised $500,000 in pre-seed funding. Corrsy can alter SWANA (South West Asia and North Africa) education with innovative learning solutions with this major investment.
Mohamed Al-Hakim’s emerging market venture capital firm EQIQ led the financing round. Finnish angel investor Risto Vahanen, UK-based SuperChargers Ventures EdTech accelerator, Yousef Durubi’s Durubi Management Holding Company, Jordanian angel investor Adel Qahwaji, and Finnish investor Pekka Hermonen are notable investors.
Mustafa Salam founded Corrsy in 2019 to solve educational issues in Iraq and SWANA. Mustafa’s idea for Corrsy was informed by his experiences in Iraq, including losing his father and being displaced. His goal is to improve education and society via technology.
Corrsy has advanced EdTech since its founding. The Corrsy app, introduced in 2022, has been downloaded over 500,000 times by Iraqi students.
Read also- Singapore-Based BitLayer Labs has Secured $11 Million in Series A Round Funding
It was the first platform in SWANA to combine gamification, storytelling, and micro-learning in its mobile game app, giving students a unique and engaging learning experience.
“We are thrilled to have the support of esteemed investors from across the globe, including Finland, Iraq, the MENA region, the UK, and other international backers, who share our vision of transforming education in the MENA region,” said Mustafa Salam, Founder and CEO of Corrsy. “This funding will enable us to capture the largest market share in Iraq and expand our services to other markets. Our goal is to provide high-quality education to anyone with a mobile device and internet connection, helping them pass national exams, learn for life, and enjoy the learning process.” Over the past two years, Corrsy has developed its product in close collaboration with users, focusing on putting students at the center of the learning experience. “Our product features numerous enhancements that allow students to play and learn, alleviating the stress of national exams and motivating them to learn,” added Mustafa
The wide range of investors in this investment round is indicative of the market’s enormous potential for EdTech in the SWANA area. With strong support, It is well-positioned to spearhead an educational revolution that will enable students throughout the region to have access to high-quality, affordable learning.
Read also- Israel-Based Scopio Labs has Secured $42 Million in Funding
About Corrsy
Corrsy, provides government-defined formal education content based on internationally recognised Finnish education and technological know-how for smartphone generation to pass national exams and not drop out.
