The new fund will help accelerate the development of Baims' platform with new educational content and services.
Baims, an edtech startup based in Kuwait, has raised a $4 million Series A round led by AK Holding, with participation from a number of investors including Al-Wazzan Educational Group and Rasameel Investment House.
Founded in 2017 by Bader Al-Rasheed and Yousef Alhusaini, Baims looks to provide accessible, high-quality education to university and high school students across the MENA region, with operations in Kuwait, Saudi Arabia, Jordan, Bahrain and Turkey. Through a collection of features including tailored video lectures, live sessions, interactive exercises and chat groups, the platform enables instructors to teach, and students to study, at any time and place at a fraction of the cost of most educational material.
"We are thrilled to have the support of our investors, who share our vision of providing accessible and affordable education to students across MENA," Yousef Al-Husaini, CEO of Baims, tells StartupScene. "Baims is short for Big Aims. It was chosen because it is characteristic of young people, especially university students, who have their whole life and possibilities ahead of them and have big aims for the future."
The new fund will help accelerate the development of Baims' platform with the creation of new educational content and services, as well as an increased effort to market them.
Sign up for the daily Startup Digest.