Egyptian ed-tech startup, Almentor, a leading online video Arabic learning platform, has announced securing a $10 million pre-Series C round funding to help it accelerate growth into other MENA regions.
The CEO and co-founder of Almentor, Ibrahim Kamel, who made the disclosure on Friday, said with the funding, the platform is on the verge of achieving its goal of serving 10 million learners in the MENA region.
“Almentor aims to serve 10 million learners across the MENA region, and with the a $10 million pre-Series C funding from e& capital, the tech investment arm of e&. e& capital, and other investors like Partech, Sawari Ventures, Egypt Ventures, Sango Capital and Endure Capital, we are on the verge of getting there,” Kamel said.
“Empowering 10 million learners is a key milestone in Almentor’s broader vision of creating hope and development opportunities for the people in MENA.”
Founded in 2016, Almentor has worked with more than 950 prominent experts to create over 1,000 online courses for individuals, corporations, and government entities, combining a personalised learning experience with high-quality Arabic content.
With a choice of monthly or annual subscription, learners get unlimited access to a library of over 700 courses on topics as diverse as health, humanities, technology, entrepreneurship, business management, lifestyle, drama, sports, corporate communication, and digital media.