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With total Funding of $14.5 million, almentor Leads The Video Based Continuous e-learning Industry In MENA Region
May 25, 2021
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almentor.net, the leading video e-learning platform in the MENA region, has announced raising $6.5 million in Series B Funding. Partech led this financing round, with the participation of Sawari Ventures, Egypt Ventures and Sango Capital, thus bringing the total financing that the company has garnered since its inception to $14.5 million.
Speaking about the company's goals and endeavors, Dr. Ihab Fikry, CEO and co-founder of almentor, stated: "We are now leading the continuous video learning industry in the Arab region, and we have a responsibility that goes beyond our ambitions for Almentor Company. Our responsibility now is to work unceasingly to improve the industry as a whole in the Arab region, and this can only be achieved through gaining the confidence of the Arab learners in the value, professionalism and impartiality of the content provided by the platform, and working in line with the global learning trends.” He added, “almentor.net library has an abundance of courses and talks that are capable of nurturing Arab youth, enhancing their personal experiences, and serving their career paths by providing them with what they deserve to advance their careers on all fronts.”
The platform was launched in 2016 to compensate for the lack of online learning content for Arabic speakers. With over 2 million successful learning experiences, and 80+ Enterprise partnerships in the MENA region, the platform offers a wide range of exclusive training courses and talks by distinguished experts who have succeeded in their personal lives and professional careers. Through its rich content, the platform supplies learners with unique solutions across a diversity of disciplines including health, technology, humanities, entrepreneurship, business administration, and many more.
“We are very proud to lead this latest round of financing” stated Cyril Collon, General Partner at Partech. “Since our first interaction, we have been very impressed by Ihab & Ibrahim, two fantastic mission-driven entrepreneurs who have been executing on a bold vision since 2016, and who built the leading Arabic self-learning go-to content provider in the Middle East and Africa. We are looking forward to supporting the company in its next phase of growth to serve the 430 million Arabic-speaking population and expand access to on-demand cutting-edge personal learning & developments options.”
From his side, Wael Amin, Partner at Sawari Ventures said: "We have supported almentor's mission from its beginning and are pleased to participate in this latest round. Almentor has achieved notable traction in a space where there has been limited success for regional players, and have managed to efficiently deliver during the pandemic. We are impressed by what the team has achieved and are excited to be part of the journey," he added.
almentor is the online self-learning platform for Arabs, established by a team of entrepreneurship and business experts who have combined their expertise and unified their efforts to become pioneers in the learning industry. The platform aims to develop Arab learners and provide them with the necessary skills they crucially need to advance their professional careers and personal lives. In cooperation with hundreds of leaders, educators, and experts, the platform offers courses and talks in various fields such as human resources, management, lifestyle, drama, sports, business, corporate communication, and digital media. The platform currently has the biggest continuous learning library in the region, and one of the biggest, worldwide. With offices in Dubai, Cairo & Saudi Arabia, the video content is developed in-house.
Reem Jenkiz, firstname.lastname@example.org
Born in San Francisco and Paris, Partech is one of the most active VCs in the world, bringing together capital, operational experience and strategic support for entrepreneurs at seed, venture and growth stages. In 2020, Partech invested in 82 startups across 24 countries in Europe, America, Africa and Asia.
Isabelle Tresson, email@example.com
About Sawari Ventures
Sawari Ventures is an international venture capital firm based in Cairo. It invests in people turning visionary ideas into market-leading companies in the MENA region, believing in the transformative power of entrepreneurial thinking.
Rita Makhoul, firstname.lastname@example.org