Almentor plans to use the funding to accelerate course development and expand the roster of mentors
E-learning platform Almentor just scored $4.5 investment million in a Series A round led by Sawari Ventures, Egypt Ventures, Endure Capital and angel investor Mohamed El Amin. This brings the total funding raised by the Almentor to $8 million to date.
“Already we have more than 10,000 videos online and we hope to use this investment to further avail our audience to even more enriching learning experiences, in the process helping young people enhance their personal development and confidence, while increasing their knowledge base,” said Ihab Fikry Almentor's CEO and co-founder.
Almentor plans to use the funding to accelerate course development and expand the roster of mentors who are recruited through a vigorous selection criterion, with a 10% acceptance rate in order to maintain the highest quality offered in the market.
Launched in 2016, Almentor is on a mission to address the lack of online personal development content for Arabic-speakers. The platform offers a catalogue of exclusive training videos and expert talks, introducing unique knowledge development solutions for the region in areas including health, technology, humanities, entrepreneurship and business management.
“We are very pleased to have led this latest round. From the beginning, we have supported Almentor’s mission to expand the personal development options available to young Arabic-speaking professionals in the MENA region," says Wael Amin, Partner at Sawari Ventures. "Filling this gap in the area of knowledge development and laying the foundation for a rich online learning ecosystem is crucial to the development of the next generation of empowered leaders. We are impressed with what the team has achieved in the last two years and are excited to be part of its future journey.”
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