Egypt-based edtech Akhdar has raised a six-figure US dollar funding round from Saudi Arabia-based venture studio Value Maker Studio (VMS), according to a press release.
Founded in 2016 by Mohamed Osama, Akhdar offers more than 2,500 Arabic-language educational content in the form of audio and written books, book reviews, and podcasts, among others.
Akhdar began as a YouTube channel in 2016 and launched its own platform in 2020. Until now, Akhdar has garnered over 2 million app installs and a user base of 1.5 million individuals from 174 different countries.
Through Akhdar's platform, users can access 15-minute audio summaries of their favorite books. Akhdar’s library encompasses over 2500 audio materials, including book summaries, short casts, and book reviews.
Mohamed Osama, co-founder and CEO of Akhdar said: "We are thrilled to announce the successful completion of our bridge round investment, led by VMS (Value Makers Studio) under the ownership of Moatz Abo Onuq. This strategic partnership will greatly support our expansion plans into the GCC region, with a particular emphasis on Saudi Arabia. Additionally, it will enable us to fuel our growth and further enhance our technology to effectively address the challenges faced by today's learners."
Moatz Abonouq, CEO and Founder of VMS Said: "Akhdar's vision resonates with our commitment to advancing education. We're excited to support their strategic expansion, enhance technological capabilities, and foster partnerships in Saudi Arabia and the GCC."
JMDedu is a leading B2B EdTech Media in China that informs and connects business professionals through our reports, events, and information services. Our mission is to drive the advancement of education. Our network spans the education industry in China as well as globally, including entrepreneurs, investors, startups, educators, business decision-makers, and policy decision-makers.
