Amman-based accelerator and seed investor Oasis500 has announced partial exit from Jordanian edtech startup Little Thinking Minds. The announcement was made last week.
Founded in 2004 by Rama Kayyali and Lamia Tabbaa who were joined by the third co-founder Salwa Katkhuda afterwards, Little Thinking Minds originally used to create educational content in form of videos and other things for children, before transforming recently into an educational technologies and products provider, that creates digital solutions and platforms with the aim of improving learning outcomes for school aged children in Middle East & North Africa and beyond.
The startup had raised $1.265 million Series A in December last year at a valuation of [redacted]. According to the publicly available data, Oasis 500 was the first investor in Little Thinking Minds – having invested $230,000 in 2011.
Luma Fawaz, the recently appointed CEO of Oasis500, commenting on the occasion, said, “Our objective as an early stage investor in startups is to sell shares in these companies after reaching certain level of growth that usually takes a seven year period. The first investment fund was established in 2011 and has matured and we’ve started selling our shares in the companies that are now in their growth stage.”
“Little Thinking Minds and the great team behind it are an inspiration to all Jordanian startups,” she added.