Almentor, an Arabic-language online video-learning platform based in Egypt, has secured a pre-Series C funding round of $10 million.
The technology investment division of e& capital was the lead investor in this round of funding. Together with Partech, Sawari Ventures, Egypt Ventures, Sango Capital, and Endure Capital, e& Capital is now a shareholder.
Since its founding in 2016, Almentor has collaborated with more than 950 renowned professionals to produce more than 1,000 online courses for people, businesses, and governmental organizations.
The start-up offers high-quality Arabic content along with a personalized learning experience.
Students have unlimited access to a library of over 700 courses on subjects as varied as health, humanities, technology, entrepreneurship, business management, lifestyle, drama, sports, corporate communication, and digital media with an option of a monthly or annual subscription.
“Creating hope and development possibilities for the people of MENA is a larger goal of Almentor, and empowering ten million learners is a significant step in that direction. Dr. Ihab Fikry, co-founder and CEO of Almentor, and Ibrahim Kamel, co-founder, and COO, expressed their pride and excitement at the prospect of working with an organization like e& to enhance the company’s progress.
With the additional capital, the business will be able to grow faster and closer to its target of reaching 10 million learners in the MENA region.
Aimentor plans to utilize the funds primarily to strengthen its investment in the B2C sector and to expand into the Saudi Arabian market.
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