Egyptian ed-tech startup almentor raises $10m funding to accelerate growth
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. It combines 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.
The company aims to serve 10 million learners across the MENA region, and with that in mind has now banked a US$10 million pre-Series C round led by e& capital, the tech investment arm of e&. e& capital joins existing investors Partech, Sawari Ventures, Egypt Ventures, Sango Capital and Endure Capital. In particular, aimentor will use the funds to increase its investment in the B2C segment and to expand in Saudi Arabia.
“Empowering ten million learners is a key milestone in almentor’s broader vision of creating hope and development opportunities for the people in MENA. We are very proud and excited to partner with an institution such as e& to create further impact in almentor’s journey,” said Dr Ihab Fikry, co-founder and CEO of Almentor, and Ibrahim Kamel, co-founder and COO.
Eddy Farhat, vice president at e& capital, said he believed education was at an inflection point in how it is delivered and consumed.