Aanaab Cashes In US$7 Million In Series A Round
The investment will help the edtech startup to expand its operations and extend its range of training programs.
Aanaab, a KSA-headquartered digital professional development platform for teachers, has wrapped up a series A funding round, netting US$7 million from the Saudi-based investment firm Dallah Investment Holding.
Founded in 2019 by Munira Jamjoom, Naila Al-Khalawi, and Fouad Al-Farhan, the edtech startup offers accredited courses for teachers. With over 200,000 users across ten Arab countries and over 250 schools enrolled on its platform, the platform has become a key resource for teachers seeking professional development and is used by several government and semi-governmental organizations in the region.
The funding will help Aanaab expand its operations and extend its range of training programs into new sectors. The company also plans to upgrade its technological infrastructure with artificial intelligence (AI) to enhance the user experience.
Read More: Is Edtech the Future of Learning?
Aanaab has previously attracted investments from other notable firms, including Wamda Capital, Noor Nouf for Knowledge, and Rethink Education, a US-based edtech investor.
In a statement, Munira Jamjoom, CEO of Aanaab, said, "As we expand our efforts, we aim to build essential skills in strategic sectors that drive economic growth and prosperity, with a focus on contributing to Saudi Arabia's Vision 2030 by preparing the workforce to meet its evolving human capital needs."
She added, "In this context, we are pleased to welcome Dallah Investment Holding as our partner, which sends a strong message of support for our role in empowering teachers in the Arab region."
Tariq Khoshhal, CEO of Dallah Investment Holding, stated, "This partnership comes at a time when the education sector is experiencing a digital transformation globally. As educational institutions increasingly turn to online platforms and AI-driven learning experiences, the demand for comprehensive professional development tools for teachers continues to grow. Therefore, we are keen to invest in Aanaab, which is at the forefront of embracing digital transformation in education. Its innovative approach aligns with our vision of investing in projects that drive social change and elevate education and training standards."
