Abwaaab Technologies, an Amman, Jordan-based online learning platform, closed a $2.4M pre-seed funding round.
The round was kicked off by Adam Tech Ventures and joined by Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund (“ISSF”), a London-based investment fund.
The startup plans to use this funding to develop its product and grow its team.
Founded in September 2019 by Hamdi Tabbaa, former General Manager of Uber for the GCC & Levant, and AI expert Hussein Alsarabi, former director of technology & product development at Mawdoo3.com, Abwaab is an edtech startup whose mission is to improve the out-of-school learning experience for Arabic-speaking youth by making high-quality education accessible to each and every student regardless of socioeconomic background. The website, which launched in early February of this year, offers a comprehensive and engaging online learning experience for secondary school students with programs tailored to specific markets in the region. From concept-based video lessons taught by highly experienced teachers to various forms of assessment and performance-tracking features, students get the opportunity to learn at their own pace, assess themselves and track their progress anytime and anywhere. The startup, which has a freemium subscription model, has begun rolling out its content, starting with STEM subjects tailored to the Jordanian market and has produced nearly 1000 videos to date.
FinSMEs
18/03/2020