Classera, an EdTech e-learning company focused on emerging markets, raised $40 million in a Series A round. The round was led by PIF’s Sanabil Investments. Other investors who participated in the round include Global Ventures, Endeavor Catalyst, 500 Global, Sukna Venture, and Seedra Ventures.

Classera will use the funds raised to continue developing its Learning Super Platform (LSP), accelerate its global expansion, and expand into corporate e-training through its LeadXera platform.

“The funding will help us take our “LSP” to the next level, making it smarter, more inspiring, and simpler, and for our clients and partners globally. Many learning institutions, especially after the pandemic, are convinced they need the next generation of e-learning solutions. This is where Classera comes in; as we aim to expand our offerings to more global markets and become the partner of choice for education and training institutions covering all of their needs in a turnkey solution and providing its members with a unique learning experience that enables them to reach their full potential,” Mohammad Almadani, CEO and co-founder of Classera, said.

Classera was founded in 2011 by Mohammad Alashmawi and Mohammad Almadani and offers an educational ecosystem that includes a gamified learning management platform based on AI and social learning, an integrated e-payment gateway and an educational marketplace for EdTech and educational supplies products.