Abwaab raises $20M Series A led by BECO Capital to expand across MENA and PakistanJordan-based online learning platform Abwaab has raised $20 million in a Series A funding round (following a $5 million seed round in March of this year), making it one of the most funded edtech startups in the Middle East, North Africa and Pakistan (MENAP), a region that encompasses 160 million students. The round was led by existing investor BECO Capital (UAE) and joined by 4DX Ventures (USA), GSV Ventures (USA), Watar Partners (KSA) and others. Founded in late 2019, the startup has expanded from Jordan into Egypt and Pakistan. Abwaab has experienced strong growth during the pandemic-halted lockdown, when children were unable to attend normal schooling. In Jordan, where it has an active freemium subscription model, students are paying a one-off subscription to unlock access to the platform for the whole academic year.

Source: The North Africa Journal November 15, 2021 14:56 UTC