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Abwaab Raises $20M Series A Led By Beco Capital To Expand Across Mena And Pakistan

Abwaab Raises $20M Series A Led By Beco Capital To Expand Across Mena And Pakistan

11/15/21, 10:00 AM
Money raised
$20 million
Round Type
series a
Jordan-based online learning platform Abwaab has raised $20M in a Series A funding (following a $5M seed round in March of this year) making it one of the most funded edtech startups in the Middle East, North Africa and Pakistan (MENAP), a region that encompasses 160 million students.

Company Info

Company
Abwaab
Additional Info
Founded in late 2019, the startup has expanded from Jordan into Egypt and Pakistan. Abwaab says it has experienced strong growth during the pandemic-halted lockdown where children were unable to attend normal schooling.Abwaab on tablet Abwaab says it competes on the basis of offering micro-lessons that match every country’s national curriculum in bite sizes; assessments for test prep; chat or video tutoring; and a low annual USD15 subscription, which compares to the cost of one hour of tutoring. Hamdi Tabbaa, Abwaab’s Co-founder & CEO said, “Our mission since inception has been to make learning more accessible, affordable, and fun, by building a comprehensive ecosystem that changes the way students learn, while also equipping them with the tools needed to get ahead in life.”BECO Capital’s Abdulaziz Shikh Al Sagha said: “Abwaab is on a clear path to establishing themselves as market leaders within the region and we are proud to have had the chance to further deepen our partnership with Hamdi, Sabri, Hussein and the whole Abwaab team.”