Madrid, 15th April 2021
Cognitive Corporate Finance is pleased to announce that we have advised our client Abwaab (https://abwaab.me), an Amman-based Ed Tech company to raise parts of the $5.1m Seed round recently announced.
Abwaab, founded in 2019, is an educational platform offering Arabic-speaking secondary school students in Jordan remote learning services to use at their own pace, with 50,000 video lessons created in-house from professional teachers to help accelerate students’ performance at school.
With this fresh funding, Abwaab is on track to further upgrade its platform with the launch of new products and curated content, as well as to expand its presence across Middle East markets such as Egypt and Saudi Arabia.
Hamdi Tabbaa, co-founder and CEO of Abwaab says: “We are happy to successfully raise the round especially during this critical time. COVID has presented both uncertainty and opportunity to us, but we are ensured more than ever that Ed Tech is for the development of the Education sector in the MENA region. At Abwaab we are empowering the upcoming generation with education. there is no region more ripe for education disruption than ours, and the entire Abwaab team has set sail to take this challenge head-on¨
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Mido Talhouni, Associate Director of CCF says: “We are extremely proud to have been able to assist Abwaab, one of the most promising startups in the region, in finding parts of the capital for this round. The size of the round and the caliber of investors participating validates the impressive progress the Abwaab team has managed to achieve in such a short period of time. Abwaab is an impressive showcase for the MENA venture ecosystem and demonstrates the extent to which both regional and international capital continues to look for opportunities in Jordan and across the Middle East region”.