Lebanon’s Kamkalima raises $1.5 million Series A
Lebanese EdTech startup Kamkalima has raised $1.5 million in Series A funding from Beirut-based Phoenician Funds, and iSME, a government funded initiative that invests in early stage innovative companies, the startup announced yesterday in a statement. An individual investor Tarek Jallad also joined the round. iSME, that’s a $30 million initiative funded by Lebanon’s government through a World Bank loan for investing in early stage innovative companies, is a returning investor in the company after first investing in the company.
Launched in 2016, the startup helps school-going students (grades 4-12) learn Arabic and develop their communication skills by providing them and their teachers with tools, a digital library of content and tests through their online platform.