Qureos, a UAE-based edtech and remote work marketplace that is changing the way people upskill and get jobs around the world, plans to increase usage of its platform 10x this year in its race to create 100 million jobs over the next few years. The startup today announced the closing of a $3 million pre-seed funding to accelerate this growth.
Qureos was founded last August by Alexander Epure, Mehrad Yaghmai and Usama Nini with the aim of making mentoring more accessible to people just starting out in their careers or looking to change jobs.
The startup has evolved into a platform that enables synchronized cohort-based learning led by industry experts (mentors), who use the platform to monetize their expertise.
Qureos also associates trainees on its platform with projects in their respective fields of study.
“The experience we have at Qureos is learning from others and industry experts, and through project-based or case study solutions,” said Epure, CEO of Qureos, who, with Nini, are former employees of Swvl.
Epure added that learning Qureos is a change from self-paced massive open online courses (MOOCs), which he says are often difficult to scale because they require constant updating. .
At Qureos, interns are given hands-on tasks to be solved as a group on behalf of corporate clients.
“Everyone submits their work, receives feedback, a rating and a reflection from the mentors. As such, you learn from your peers and the best in the world,” Epure said.
To date, Qureos has attracted more than 25,000 interns, 200 mentors from major tech companies like Google, Cisco, and Amazon, and 300 business partners who use its platform to get things done.
Interns pay fees while companies pay subscription fees depending on the frequency and types of job postings.
The startup’s user base hails from 133 countries, approximately 32% of which are from Africa, and primarily reside in South Africa and the North Africa region.
Epure said they are creating new learning and work opportunities for the millions of young Gen Z and Millennials, who are largely unemployed or underemployed due to a lack of marketable skills that are often not taught in traditional curricula. The startup was recently selected by Dubai Future Accelerators to address the skills gap among the unemployed and those entering the job market.
At the same time, Epure said the platform helps companies reduce the cost and time spent on hiring new employees by up to 79%, as potential employers can quickly recruit new talent based on the results. projects carried out by the trainees.
The pre-seed round was led by Dubai-based COTU Ventures and New York-based Colle Capital, which helped Swvl go public last week through a special-purpose acquisition company .
Colle Capital’s Founder and Managing Partner, Victoria Grace, said, “We see tremendous opportunity in Qureos’ mission to bridge knowledge gaps and enhance the skills of professionals by leveraging the extraordinary pathway with direct mentoring. Simultaneously, this platform provides a fantastic opportunity for highly skilled people to directly monetize their knowledge, compounded by distinct network effects, and for businesses to access pools of motivated, high-quality talent.
The round also attracted participation from global and regional investors including Globivest, Plutus21 Capital, Dubai Angel Investors and AlZayani Venture Capital, as well as a number of angel investors including current and former executives from Swvl, Boston Consulting Group, Moelis & Company, Careem, Cisco. Systems, Koinz, Message Bird, Bain & Company, Hiperpool, ADNOC, QIA.
Qureos plans to use the funding for a marketing campaign aimed at increasing awareness and adoption, after a period of “organic growth”.
“We have a global footprint today and to maintain it in the future, we are building a team to help us with our growth plans, and this includes creating different forms of outreach marketing. We also have an aggressive plan to strengthen our technology and product,” Epure said.
“The vision is to create an ecosystem that has a validated and unique way of learning that also ensures that trainees have access to world-class mentors.”