Kuwait-based edtech startup Baims has secured a $4 million Series A round of funding from a number of investors, including Al-Wazzan Educational Group and Rasameel Investment House. The round was headed by AK Holding.
Baims, which has operations in Kuwait, Saudi Arabia, Jordan, Bahrain, and Turkey, was founded in 2017 by Bader Al-Rasheed and Yousef Alhusaini with the goal of offering university and high school students in the MENA area affordable, high-quality education. The platform enables teachers to teach and students to study at any time and location at a fraction of the cost of most educational materials thanks to a variety of features like customized video lectures, live sessions, interactive exercises, and chat groups.
Yousef Al-Husaini, CEO of Baims, says, “We are delighted to have the support of our investors, who share our vision of providing accessible and cheap education to students across MENA. Big Aims is abbreviated as “Baims. It was chosen because it describes young people, particularly college students, who have a full existence and a world of opportunities ahead of them and lofty goals for the future.
The new fund will support the creation of new educational services and content, as well as an increased marketing effort, to hasten the platform growth of Baims.