U.S and MENA-based ed-tech company focused on emerging markets, Classera has announced the close of a $40 million Series A round to accelerate its global expansion into new markets.
- The funding round, led by Sanabil Investments marks the largest ever funding in edtech in the Middle East, North African Region, and most of Africa. Global Ventures, Endeavor Catalyst, 500 Global, Sukna Venture, and Seedra Ventures and others parciipated in the round.
- Founded in Silicon Valley by the duo of Mohammad Almadani and Mohammad Alashmawi, Classera claims it's the largest edtech company in Mena and most of sub-Saharan Africa, educating millions of learners in over 30 countries.
- Classera claims it has thousands of customers ranging from Ministries of Education, private K-12 schools, universities, and corporates for e-training. It has also developed strategic partnerships with global and regional players in the tech and education space like Zoom, Udemy, HP etc.
- Classera will plough the funds into developing its Learning Super Platform (“LSP”). Expand into the corporate e-learning segment and accelerate its global expansion into new markets.
- Through direct sales, channel partners, and acquisitions, Classera's global expansion targets regions like MENA, Sub-Saharan Africa, Asia Pacific (APAC) and elsewhere