Almentor raises $4.5 million in series A funding
Source: Startup MGZN
Dubai-based e-learning platform almentor.net has announced that it closed a $4.5 million Series A investment round from Sawari Ventures with participation from Egypt Ventures, Endure Capital and angel investor Mohamed El AminSawari Ventures. This brings the total funding raised by the company to USD $8 million to date.
almentor.net was launched in 2016 with a mission to address the lack of online personal development content for Arabic-speakers. The platform offers a catalogue of exclusive training videos and expert talks, introducing unique knowledge development solutions for the region in areas including health, technology, humanities, entrepreneurship and business management.
“We are very pleased to have led this latest round. From the beginning, we have supported Almentor’s mission to expand the personal development options available to young Arabic-speaking professionals in the MENA region. Filling this gap in the area of knowledge development and laying the foundation for a rich online learning ecosystem is crucial to the development of the next generation of empowered leaders. We are impressed with what the team has achieved in the last two years and are excited to be part of its future journey,” said Wael Amin, Partner at Sawari Ventures.
