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almentor raises $6.5 million Series B round Dubai-based video e-learning platform almentor, has raised $6.5 million in a Series B funding round, led by Partech, with participation from Sawari Ventures, Egypt Ventures and Sango Capital. This brings the total investment raised by almentor to date to $14.5 million. Founded in 2016 by Ihab Fekry and Ibrahim Kamel, almentor offers an exclusive catalogue of training courses and expert talks. It leverages more than 80 enterprise partnerships across the Middle East and North Africa (Mena) region, and has so far delivered over two million learning experiences. Press release almentor.net, the leading video e-learning platform in the MENA region, has announced raising $6.5 million in series B Funding. Partech led this financing round, with the participation of Sawari Ventures, Egypt Ventures and Sango Capital, thus bringing the total financing that the company has garnered since its inception to $14.5 million. ....
Alexander O. Onukwue Share this article Almentor, a video-based online learning platform for the Middle East and North Africa, has raised $6.5m in a Series B round led by Partech from its Africa Fund. The startup was founded in 2016 when Ihad Fikry and Ibrahim Kamel decided there was a need to cater to the learning needs in the MENA region that were not provided by other platforms. âWe live in a region with a population of 400 million-plus people but 90% of them cannot learn properly in any other language but Arabic,â Ihab Fikry, Almentorâs co-founder and CEO, says to TechCabal. ....
Seed-stage accelerator Flat6Labs closes $13.2M fund for startups in Egypt – TechCrunch techcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcrunch.com Daily Mail and Mail on Sunday newspapers.
Flat6Labs Announces EGP 207 Million Deal for FAC Egypt Fund cairoscene.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cairoscene.com Daily Mail and Mail on Sunday newspapers.
Why is Japan s Samurai Incubate interested in Egypt? Last week, Japan-based venture capital firm Samurai Incubate closed its second $18.6 million Africa fund and for the first time, the fund will be deployed in Egypt. The news follows the announcement of two new funds in Egypt from Algebra Ventures and Sawari Ventures and while Samurai’s foray is a small one, it nonetheless highlights global interest in the country’s startups. Founded in 2008 by Kentaro Sakakibara, Samurai Incubate has invested in 140 companies in Japan. In July 2018, it began investing in Africa by establishing subsidiary, Leapfrog Ventures (now Samurai Incubate Africa), which has so far invested in 26 startups across Africa. ....