UAE’s Amanat invests $5m into edtech outfit BEGiN

SourceArabian Business
SectorEducation
CountryUnited Arab Emirates

UAE’s Amanat Holdings has invested $5 million (AED18.4m) in US-based leading education technology company BEGiN as part of a Series C financing round. BEGiN is behind the early learning programme HOMER and provides a platform aimed at children between two and eight-years-old. UK's Trade Commissioner for the Middle East says Edtech is here to stay and will continue to play a key role long after the coronavirus crisis As part of the deal, Amanat, which is the GCC’s largest healthcare and education investment company, becomes BEGiN’s principle strategic partner in the MENA region. Dr. Mohamad Hamade, CEO of Amanat, said: “Our investment in BEGiN represents a major milestone for Amanat given the influential impact of disruptive technologies on the sectors we invest in. We believe this is an ideal time to invest in education ...read more...