Ynmo Secures US$5 Million Investment Led By Wa’ed Ventures
The funding also included contributions from Qatar Development Bank and Nour Nouf Ventures.
Saudi Arabia-based Ynmo – an edtech startup that provides a platform to support children with disabilities and their families – has wrapped up an investment round worth US$5 million, led by the venture capital arm of oil giant Aramco, Wa’ed Ventures.
The funding also included contributions from the Qatar Development Bank (QDB) and the Saudi impact-based private VC Nour Nouf Ventures, which focuses on impact-driven startups.
Founded in 2017 by Fahad Al-Nemary, Abdullah Murad, and Faisal Al-Nemary, the Ynmo platform makes use of artificial intelligence (AI) technology to help specialists create rehabilitation and educational programs. It also enables parents to access consultations and resources from a network of professionals in behavioral therapy, speech and language therapy, and psychological therapy.
With the latest investment, Ynmo plans to enhance its services by adding new features and improving access to early childhood support. The company also intends to expand its partnerships with governmental, educational, and rehabilitative institutions in the Gulf region.
In 2021, Wa’ed Ventures had pumped investment totaling $500,000 in Ynmo. The startup used the funds to scale up its staff and expand its instructional software, enabling teachers to create individualized lesson plans for students with disabilities across the Middle East.
In a statement, Fahad Al-Nemary, co-founder and CEO of Ynmo, said: “This funding will accelerate our mission to improve services for children with disabilities. Together, we are committed to creating a future where every child, regardless of their abilities, has the right to quality education and support.”
Anas Al-Qahtani, acting CEO of Wa’ed Ventures, stated: “Ynmo represents an outstanding impact-driven platform that leverages technological advancements to deliver high-quality educational and rehabilitative services. We are excited to collaborate with the team and drive meaningful change in the region by fostering an inclusive environment for children with disabilities.”
Mohammed Al Emadi, acting executive director of investment and incubation of QDB, added: “We believe that technology plays a powerful role in improving access to educational content and enhancing the learning experience for the targeted beneficiaries of this product. Our support for this sector aligns closely with the clusters and sectors targeted under Qatar’s Third National Development Strategy 2024–2030. Moreover, our investment in Ynmo reflects Qatar Development Bank’s goals of fostering innovation, driving expansion within Qatar, and establishing a center for the company’s operations in the country.”
HH Prince Salman bin Faissal Al Saud, executive board member at Nour Nouf Ventures, commented, “Investing in Ynmo is an investment in a brighter, more inclusive future for children with disabilities. Their solution represents a fundamental shift in how we think about educational and rehabilitative access, and I am thrilled to support their mission of creating equitable learning environments across the region.”
