Hike funding

Manara announces $3 million in funding to unlock human potential in neglected regions

There are talented people all over the world, but not everyone has the same access to opportunities. Manara wants to change that, to unleash the human potential of the Middle East and North Africa. The company’s objective is to support the diversification of the technological sector while stimulating the economies of the regions. It’s a big goal that’s already enjoying resounding success thanks to the dedicated community of like-minded people. If you are curious about Manara, check out the following article.

Edtech start-up Manara raised $3 million in pre-seed funding for its cohort-based training platform aimed at growing the pipeline of tech talent in the Middle East and North Africa (MENA) region.

Manara bills itself as a social impact edtech startup, offering computer training to anyone who qualifies for the program. Although her students pay no tuition, they are required to pay Manara 10% of their salary during their first two years of employment.

The startup, founded last year by Iliana Montauk (CEO) and Laila Abudahi (CTO), said its alumni have so far been deployed to big tech companies like Meta and Google across Europe and the United States.

“I grew up in Palestine and soon realized that to become a world-class engineer, I had to work on large-scale products with experienced teams. After making my dream come true through lots of trial and error, I wanted to make it easier for people back home to do the same. Ultimately, these engineers will become the CTOs and senior developers the region needs to accelerate the growing success of its own technology ecosystem,” Abudahi said.

Manara says 86% of its trained engineers receive job offers within five months of graduation, while others get up to 300% salary increases after training.

The startup plans to use the funding to grow from training 60 to 6,000 engineers per year. They are also looking to launch a self-service product for interview practice, networking and mentoring, targeting software engineers worldwide.

The startup’s pre-seed cycle was led by Stripe, with participation from LinkedIn founder Reid Hoffman; Paul Graham, founder of Y Combinator; Eric Ries, founder of Lean Startup; and Mudassir Sheikha, Founder and CEO of Careem.

“The European technology sector is growing rapidly. There is a massive need for new solutions to access talent, whether remote or onsite. The Middle East and North Africa are a perfect fit due to proximity and time zones. We are very happy to support the first startup that bridges these two markets – and we are especially delighted with the founders’ commitment to female engineers,” said Carlos Espinal, managing partner of Seedcamp.

Commenting on the high caliber of investors Manara has attracted, Montauk said, “We have received more investor appetite than we could handle, signaling growing Silicon Valley interest in platforms that facilitate online communities. online and offline, and the solutions to access highly qualified people. talent from emerging markets.

the original article can be found on TechCrunch.