almentor.net, the leading video e-learning platform in the Middle East and North Africa (MENA) region, has announced it raised $6.5m in series B funding.
Partech led the financing round, with the participation of Sawari Ventures, Egypt Ventures, and Sango Capital, bringing the total financing that the company has garnered since its inception to $14.5m.
Speaking about the company’s goals and endeavours, Ihab Fikry, CEO and co-founder of almentor, said: “We are now leading the continuous video learning industry in the Arab region, and we have a responsibility that goes beyond our ambitions for the 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 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, “The 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 over 80 Enterprise partnerships in the MENA region, the platform offers a wide range of exclusive training courses and talks.
These are provided 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,” said Cyril Collon, General Partner at Partech, “Since our first interaction, we have been very impressed by Ihab Fikry [CEO] and Ibrahim Kamel [COO], 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.”
Collin also said that Partech is looking forward to supporting the company in its next phase of growth to serve the 430 million Arabic-speaking population. This would also see an expansion in the access to on-demand cutting-edge personal learning and developments options.
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.”
He noted that the website has achieved notable traction in a space where there has been limited success for regional players, and has managed to efficiently deliver during the pandemic.
Amin added that his company is impressed by what the team has achieved and are excited to be part of the journey.