• Iraqi VC firm EQIQ has led a pre-Seed round of the Finnish edtech Corrsy, which stands at $500,000.
• EQIQ, founded by Mohamed Al-Hakim, is a regional venture capital firm that aims to boost the Iraqi tech startup ecosystem.
• Founded in 2019 by Mustafa Salam, Corrsy aims to address the educational challenges in Iraq and the wider Middle East.
• With this new funding, Corrsy is poised to expand its reach and bring its innovative educational solutions to more students across the MENA region.
• Earlier this year, EQIQ provided Wayl with a $150,000 pre-Seed funding round.

Press release:

Corrsy, a revolutionary Finnish EdTech startup, proudly announces the successful closure of its pre-seed investment round, raising $500,000. This significant milestone marks the beginning of an exciting journey to transform education in the MENA region through groundbreaking learning experiences.

The investment round was led by EQIQ, a regional venture capital firm specializing in emerging markets, founded by Mohamed Al-Hakim. Other notable investors include Finnish EdTech angel investor Risto Vahanen, SuperChargers Ventures EdTech accelerator based in the UK, Durubi Management Holding Company founded by Yousef Durubi, angel investor Adel Qahwaji from Jordan, and Pekka Hermonen from Finland.

Founded in 2019 by Mustafa Salam, Corrsy aims to address the educational challenges in Iraq and the wider Middle East. Mustafa's vision for Corrsy was inspired by his personal experiences during the Iraq armed conflict, where he faced significant hardships, including the loss of his father and displacement. His mission is to leverage technology to create a positive impact on education and society.

Since its inception, Corrsy has achieved remarkable growth and impact. The company launched its first product in 2022, and the Corrsy app has been downloaded over 500,000 times by students in Iraq. Corrsy stands out as the first in the MENA region to integrate gamification, storytelling, and micro-learning into its mobile game app, providing an engaging and effective learning experience for students.

"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 be on the way to capturing the largest market share in Iraq and scaling our services to other markets. We aim to provide everyone with a mobile device and internet connection with high-quality education at a very cost-effective price, so they can pass national exams, learn for life, and enjoy the learning process."

Over the last two years, we have been developing our product very closely with our users. We are tackling the private tutoring challenge from a completely different and fascinating angle, putting students at the center of everything we do. Our product will feature numerous enhancements, allowing students to truly play and learn, alleviating the stress of national exams and motivating them to learn.

The diverse combination of investors in this round is a strong indicator of the market's potential, and everyone wants to be part of this impactful journey. With such robust backing, Corrsy´s team is more confident than ever in our ability to revolutionize education in the MENA region.

With this new funding, Corrsy is poised to expand its reach and bring its innovative educational solutions to more students across the MENA region, contributing to a brighter future through education.