3C Coding School raises a $3M seed to enter Saudi Arabia
MRG Economic Group leads the round for the Egyptian coding school with more than 120,000 students, with Amr Saad and strategic angels joining.
CAIRO By Hannaan Kirmani
3C Coding School
Egypt Edtech
Lead MRG Economic Group
Also Amr Saad, Strategic angels
Another Egyptian company raising on a Saudi-entry story. The Cairo-to-Riyadh pipeline is now the default growth narrative for Egyptian consumer and edtech startups while domestic capital stays tight.
Source: Wamda ↗
CAIRO — 3C Coding School has raised a $3M seed led by MRG Economic Group, with Amr Saad and strategic angels participating. Wamda reports the kids-and-youth coding school, founded in 2015 by Hossam Hosny and Ahmed Khallaf, has taught more than 120,000 students and will use the round to enter Saudi Arabia and build an AI-personalised learning platform.
The Corridor: another Egyptian company raising on a Saudi-entry story. This is the default growth narrative now for Egyptian consumer and edtech startups while domestic capital stays tight, and investors are funding the flight to Riyadh rather than the base in Cairo.
What it prices in: a decade-old school with a large student base is being valued as a platform, and the platform premium is contingent on the Kingdom. That is a bet on Saudi demand for coding education among families, which is real, and on 3C’s ability to localise, which is untested.
Who wins: MRG gets a Saudi expansion at Cairo seed prices. The next test is the first Saudi enrolment number.
Source: Wamda
Source: Wamda ↗
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