Jordanian EdTech Abwaab raises M 20M in BECO Capital-led fund series

Abwaab, an Amman-headquartered EdTech platform that allows students to learn at their own pace through small, concept-based lessons, has invested विद्य 20 million in existing A-led BECO Capital (UAE) -funded Series A fund.

4DX Ventures (USA), GSV Ventures (USA), Watar Partners (KSA) and others also participated in this round.

According to the company, this has led to a sharp increase in lockdowns caused by epidemics where children could not go to normal school.

Founded in September 2019 by Uber’s GCC and Levant’s former general managers, Hamdi Tabbaa, Sabri Hakim and AI expert Hussein Alsarbi, Abwaab’s online platform enables high school students in the Middle East and North Africa to learn different subjects at their own pace. With the help of video lessons and interacting with teachers, test yourself using tests and quizzes and track their performance using a variety of tools.

Abbab’s goal is to improve the out-of-school learning experience for Arabic-speaking youth by facilitating high-quality education for every student, regardless of socio-economic background.

Speaking on the platform, Hamdi Tabba, CEO and co-founder of AWAB, said, “Our goal from the beginning has been to make learning easier, more affordable and more enjoyable by creating a comprehensive ecosystem that will change students’ learning patterns. .

The startup claims that the number of active users has increased 10x in the 2020/21 academic year.

Commenting on the investment, BECO Capital’s Venture Partner, Abdulaziz Sheikh Al Sagha said, “Abwab is on a clear path to establish itself as a market leader in the region and we are proud to have the opportunity to further strengthen our partnership with Hamdi, Sabri, Hussein and the whole.” Abwab team. “

The Covid-19 has given Adtech momentum in various parts of the world, and the Middle East is no different. Abwab (and Mawdoo3) helped the Jordanian government last year launch an online education platform to educate more than 1 million school-going students in Jordan since the epidemic closed schools.

The company’s competitors are Offline Learning Centers, Noon Academy (Saudi based social learning platform), Edcasa (Pakistan based test preparation app), Ashtar (Egypt based learning app).

In July, Abwaab acquired the Pakistani EdTech platform Edmatrix to expand its operations in the world’s fifth-largest country, the first acquisition of a Jordanian startup.

Earlier this year, the company raised 5.1 million in a seed round led by 4DX Ventures, Beco Capital, EQ2 Ventures, Foundation Ventures, GSV Ventures and Spartech Ventures.

About the author

Author: Shalini Pathak

Shalini Pathak is a staff writer at EdTechReview (ETR) – India’s leading Adtech media and community. She has four years of experience in media covering various beats. Like all writers, she is first and foremost an avid reader who has a passion for creating content out of the box and has the ability to write on any topic. As part of the ETR team, it will cover the latest developments in the Adtech industry, focusing on the stories of Adtech startups and their funding.

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