(MENAFN) Abwaab, a start-up company for educational technology located in Jordan, obtained USD20 million in funding that is going to support the firm grow into new markets.
The Series-A funding round was managed by Abwaab’s current stockholder, Beco Capital in Dubai, along with Saudi Arabia’s Watar Partners and America’s 4DX Ventures as well as GSV Ventures, among others.
The investment, after a USD5m seed round in March, places Abwaab as one of the top-funded local EdTech start-ups in the MENA region as well as Pakistan, covering an area of 160 million pupils.
Co-founder and chief executive of Abwaab, Hamdi Tabbaa reported in a statement, “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.”
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