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Tue 3 Mar 2020 05:42 PM

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UAE's Wamda invests in Saudi edutech platform Aanaab

Wamda and Nour Nouf Knowledge Company lead $1.5m seed funding for online teaching platform

UAE's Wamda invests in Saudi edutech platform Aanaab

Fadi Ghandour, executive chairman, Wamda.

Wamda has invested in Jeddah-based Aanaab, an education technology platform that has raised $1.5 million in its seed round.

The round was led by UAE-based Wamda and Nour Nouf Knowledge Company, with participation from others including a group of angel investors in the education sector.

Aanaab is an online platform specialised in the professional development of Arab educators through open learning. It caters to individual teachers, schools, and organisations as a way to continuously develop their personal and professional skills and capabilities through online lectures, meetings, reading material, discussion boards and evaluation exercises.

Founded in 2016 by Mounira Jamjoom, this investment round will support the expansion of Aanaab’s operations to reach new segments and markets in the online teacher training sector.

“We have confidence in the impact Aanaab’s founders will have on the educational technology (edtech) sector’s future growth," said Fadi Ghandour, executive chairman, Wamda.

"Aanaab is building an innovative platform that focuses on teachers’ qualifications, which is at the core of improving knowledge acquisition in schools in Saudi Arabia and the region."

Naila AlKhalawi, co-founder and chief operating officer at Aanaab, said: "Aanaab is looking to develop initiatives similar to global models such as the Singaporean model, which encourages teachers to get 100 hours of professional development annually. This keeps them up to date with the latest developments in their field and improves their classroom practices through professional learning communities."

Aanaab has managed to gain over 37,000 enrollments by teachers across the Arab world and the completion rate of courses on Aanaab has reached 28 percent, which is twice the average global rate for other open education platforms.

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