almentor, an online video learning platform in Arabic, has raised $10 million in growth capital in a pre-series C round led by e& capital, the tech investment arm of e&. The round also witnessed participation e& capital joins existing investors Partech, Sawari Ventures, Egypt Ventures, Sango Capital and Endure Capital.
The proceeds will be used to accelerate almentor’s growth towards its goal of serving ten million learners in the MENA region. In particular, the company will use the funds to increase its investment in the B2C segment and to expand in Saudi Arabia.
“Empowering ten million learners is a key milestone in almentor’s broader vision of creating hope and development opportunities for the people in MENA. We are very proud and excited to partner with an institution such as e& to create further impact in almentor’s journey,” Ihab Fikry, co-founder and CEO of Almentor, and Ibrahim Mostafa Kamel, co-founder and COO, said.
The platform was founded in 2016, almentor has worked with more than 950 mentors to create over 1,000 online courses for individuals, corporations, and government entities. The start-up recently launched its monthly & annual subscription plans where learners get access to a library of over 700 courses on topics as diverse as health, humanities, technology, entrepreneurship, business management, lifestyle, drama, sports, corporate communication, and digital media.
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