e& Capital leads US$10 million pre-series C round for UAE-based edtech Almentor

1 minute read
16 March 2023

On March 16, 2023, UAE-based edtech Almentor, announced that it had raised $10 million in a pre-Series C round led by e& Capital, the tech investment arm of e&, alongside existing investors Partech, Sawari Ventures, Egypt Ventures, Sango Capital and Endure Capital.

Almentor is an Arabic video-based online learning platform accessible through B2C and B2B channels. The proceeds of this funding round will be used to accelerate Almentor's growth, increase its investment in the B2C segment and expand to Saudi Arabia.

Gowling WLG advised e& Capital with respect to this investment with a team that included Tim Casben, Simon Elliott and Bethany Bloor. 

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