Jordanian EdTech start-up Abwaab raises $20m in funding
Summary
The EdTech sector in the Middle East and Africa is forecast to grow to Dh26 billion ($7.07bn) by 2027 as the shift to digital education accelerates owing to the Covid-19 pandemic, according to a Report Linker study. Overall, funding to Mena start-ups rose 64 per cent to $1.2bn in the first half of 2021, with food and beverage, FinTech and e-commerce companies attracting record investment from venture capital firms, Magnitt data revealed. Its platform is designed for secondary school pupils, offering content tailored to local curriculums to fill the gaps in educational resources available online. “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 them,” Abdulaziz Shikh Al Sagha, venture partner at Beco Capital, said. With the acquisition of Pakistani EdTech start-up Edmatrix, Abwaab is competing on a regional level, offering micro-lessons that match each country’s national curriculum.