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

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

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.

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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