Edtech Hello World Kids Nets Pre-Series A Funding
Jordan’s Edtech Hello World Kids raises an undisclosed amount of funding. The edtech platform also launched an interactive coding platform for kids in 2020 called HelloCode.
Jordanian Edtech startup Hello Kids, the online coding tutoring platform has raised an undisclosed amount of pre-series A funding round. The round was led by Oman Technology Fund (OTF), and Daam Almonsha’at Holding with the participation of Vision Ventures. Globally the maturing and growing Edtech industry has caught the eye of the investors.
As Edtech startups have witnessed a huge investment of $13.8 billion in the year 2021 alone. Founded in 2015 by Hanan Khader, Hello World Kids offers various courses in programming and coding and education in STEM subjects for children.
The startup will use this funding for its expansion in foreign markets like Saudia Arab, Pakistan, and Egypt. In 2020, the Edtech company launched an online platform offering a coding curriculum for inducing special skills in children like problem-solving, data analyzing, and analytical thinking.
The Edtech industry is sculpting into one of the most rapidly growing industries. The main reason can be attributed to the rise in virtual learning which led to the edtech boom thus increasing the need for education software and apps.
This not only helped people in continuing their education during the unprecedented times of pandemic but also provided people with accessible educational facilities and courses. In MENA VC ecosystems the EdTech sector is slowly clasping its grip and has seized the attention of both investors and consumers. Since 2018, Edtech startups have grown 525% in this region.
The CEO of Yazeed Al-Rajhi & Brothers Holding and Authorized Manager at Da’am Al-Monsha’at Limited Holding outlined the importance of Education Technology (Edtech) and its role in providing education for future generations. He said:
“We truly believe in the importance of EduTech ventures, and the unique importance of providing the coming generations with the right tools to build their future skill-set. We could see clearly the big ambition to grow the business, in addition to the true passion for making the learning process of programming a joyful journey for our kids. These factors were the main determinants to invest in Hello World Kids, and lead the investment round.”
Story Credits: Wamda