Jordanian Edtech Abwaab Raises $20 Million in Latest Funding Round
The online learning platfrom's new funds come off the back of a January investment of $5.1 million.
Prolific Jordanian startup, Abwaab, has announced that it has raised $20 million in a Series A round led by existing investor, UAE's BECO Capital, as well as KSA's Watar Partners, and US-based firms, 4DX Ventures and GSV Ventures.
Founded in 2019 by Hamdi Tabbaa, Sabri Hakim, and Hussein AlSarab, Abwaab is an online learning platform that offers tailored local curricula, primarily for secondary school students. Through its website and app, students are able to take lessons, receive feedback and engage in discussion boards.
The pandemic has accelerated the need for innovative edtech solutions,which has fed into the success of Abwab in what has been a relatively short timespan. 2021 has been a fruitful year for the startup. In January, Abwab raised a $5.1 million investment that set it up for regional expansion plans. In July, Abwaab acquired Pakistani social e-learning platform, Edmatrix, giving it access to over 50 million students.
