Abwaab raises $20M Series A led by BECO Capital to expand across MENA and Pakistan

DMCA / Correction Notice
- Advertisement -


Jordan based online learning platform Abwabi has raised $20 million in Series A funding (following a $5 million seed round in March this year), making it one of the most funded edtech startups in the Middle East, North Africa and Pakistan (MENAP), An area that covers 160 million. student.

- Advertisement -

The round was led by existing investor BECO Capital (UAE) and included 4DX Ventures (USA), GSV Ventures (USA), Watar Partners (KSA) and others. Founded in late 2019, the startup has expanded from Jordan to Egypt and Pakistan.

Founders Hamdi Tabba, Sabri Hakim, and Hussein Al Sarabi set their platform on secondary school students, offering content tailored to local curricula, filling gaps in educational resources available online, while the region’s high focus on offline learning. deal with dependencies.

advertisement

On the web and native apps, students participate in lessons, receive feedback and join discussion boards.

Abwab says it has experienced strong growth during the pandemic-stricken lockdown, where children were unable to attend normal schooling.

- Advertisement -

abwab is a pill

In Jordan, where it has an active freemium membership model, students are paying a one-time subscription to unlock access to the platform for the entire academic year.

It claims to increase the number of active users by 10 times during the 2020/21 academic year. It had earlier acquired Pakistani edtech startup Edmatrix.

Hamdi Tabba, Co-Founder and CEO, AbWab said, “Since inception our mission has been to make learning more accessible, affordable and fun by building a comprehensive ecosystem that transforms the way students learn, with It only equips them with the necessary equipment. move on in life.”

Abdulaziz Shikh Al Sagha, BECO Capital, said: “Abwab is on a clear path to establish itself as the market leader within the region and we are proud that we have supported Hamdi, Sabri, Hussein and the entire Abwab team. We have the opportunity to further deepen our partnership with

Peter Orth, Managing Partner, 4DX Ventures, said: “We believe in AbWab’s mission to make high quality, results-driven education more affordable and accessible, and we believe they are poised to become a leader in the MENAP space.”

Its competitors include offline learning centers; Afternoon Academy (a Saudi based social learning platform; edkasa (Pakistan based test prep app); ashtro (Egypt based learning app).

AbWab says it competes by offering micro-lessons that match every country’s national curriculum in bite-sized pieces; assessments for test preparation; chat or video tutoring; and a low annual USD15 membership, which is comparable to the cost of one hour of tuition.

- Advertisement -

Stay on top - Get the daily news in your inbox

Recent Articles

Related Stories