Investors from UAE, Egypt, Qatar & KSA Fund Nexford University
The US-based online learning platform experienced huge growth in 2020 and is on the cusp of being a truly global brand thanks to its innovative use of AI and machine learning.
US-based online university, Nexfor University, has revealed that its latest investment - a Pre-Series A round of $10.8 million - has been led by UAE VC, Global Ventures, with participation from angel investors, family offices and VC from 10 countries, including Qatar, Egypt and Saudi Arabia.
Described as a 'next generation' education platform, the tech-enabled online university was founded in 2019 on two beliefs: that a lack of education is the root cause of most world challenges; and people should be able to access economic opportunities irrespective of physical location.
To date, the university has enrolled learners from across 65 countries and, in light of the impact of the pandemic, its revenues grew by a remarkable 300% during 2020, an achievement that put it on the radars of Microsoft, LikedIn Learning and IBM, with whom they have established partnerships. The platform has been praised for the flexibility it affords its users, who can study on their own schedules, access 24/7 support and ultimately graduate at their own pace.
With the new investment, Nexford University aims to expand through Asia, as well as develop its B2B offerings. Many of Nexford's curricula are specifically designed to match employers' needs with graduates' skills and uses machine learning and artificial intelligence to create data and skills-driven curricula.
