Egyptian Colnn raises $100,000 for its cloud-based school management system
Cairo-based edtech startup Colnn has raised $100,000 from EdVentures, the VC arm of leading Egyptian publisher Nahder Misr, the startup announced earlier this week. EdVentures also runs an acceleration program for education startups in Egypt.
Founded in 2015 by Tamer Samir, Colnn, per statement, is a cloud-based school management system bundled with a mobile app, allowing schools to manage their operations, processes, activities, and communications between parents, teachers, and students. Colnn’s mobile app connects teachers and parents allowing parents to keep tabs on their children’s performance and daily activities.
According to Colnn’s website, students also get an online account that allows them to access announcements, attendance, assignments, online quizzes, and their schedule.
It’s unclear if Colnn has a per-student subscription model for schools (which is used by a lot of similar SaaS startups) or if it charges the school a monthly subscription fee of whatever. be the number of students they have.
The startup, according to the release, works with each school to customize its solutions and software to suit their needs (as long as the customization requirements meet their strategy).
We’re not sure of the extent of the customization, but it would be safe to assume that it includes minor tweaks, as anything major is normally resource intensive and the cost of those changes and upgrades the normally outweighs the benefits, unless it is a very large customer.
Tamer Samir, Founder and CEO of Colnn, commenting on the investment, said, “Being part of EdVentures will certainly support our expansion plans. Nahdet Misr’s more than 80 years of experience in the education sector and its local and international network will help us penetrate new markets.
Dalia Ibrahim, the founder of EdVentures and CEO of Nahdet Misr Publishing House, added, “We were keen to add Colnn to our portfolio of companies as it aligns perfectly with our goal of developing and delivering new and innovative educational solutions that further strengthen the education in our country.
Last year, a similar Dubai-based startup, ReportCard, also raised pre-seed investment.