Jordan-based online learning platform Abwaab has raised $20M in a Series A funding (following a $5M seed round in March of this year) making it one of the most funded edtech startups in the Middle East, North Africa and Pakistan (MENAP), a region that encompasses 160 million students.
The round was led by existing investor BECO Capital (UAE) and joined by 4DX Ventures (USA), GSV Ventures (USA), Watar Partners (KSA) and others. Founded in late 2019, the startup has expanded from Jordan into Egypt and Pakistan.
Founders Hamdi Tabbaa, Sabri Hakim, and Hussein AlSarabi, position their platform at secondary school students, offering content tailored to local curricula, filling the gaps in educational resources available online, while tackling the region’s high dependence on offline tutoring.
On Web and native apps, students participate in lessons, get feedback, and join discussion boards.
Abwaab says it has experienced strong growth during the pandemic-halted lockdown where children were unable to attend normal schooling.
In Jordan, where it has an active freemium subscription model, students are paying a one-off subscription to unlock access to the platform for the whole academic year.
It claims to have grown by 10x in the number of active users throughout the 2020/21 academic year. It previously acquired Pakistani edtech startup Edmatrix.
Hamdi Tabbaa, Abwaab’s Co-founder & CEO said, “Our mission since inception has been to make learning more accessible, affordable, and...
Read Full Story: https://techcrunch.com/2021/11/15/abwaab-raises-20m-series-a-led-by-beco-capital-to-expand-across-mena-and-pakistan/
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
