Little Thinking Minds, the Jordan-based regional ed-tech company, has just announced another investor in its Series A round, the ISSF (The Innovative Startups and SMEs Fund (ISSF). Coming in with $500,0000 this closes the round of $1.765 million alongside Algebra Ventures with participation from Mindshift Capital and Al Turki Group.
The ISSF is a private sector managed fund making investments in innovative startups and early stage SMEs. The World Bank has invested $50 million in the Fund which was complemented by the Central Bank of Jordan with an additional $48 million bringing the total working capital of the ISSF to $98 million.
Little Thinking Minds is an award-winning leading education technology company that creates advanced digital solutions and platforms aimed at improving learning outcomes for school-aged children in the MENA region and beyond.
Co-founders Rama Kayyali and Lamia Tabbaa started their journey in education back in 2004 creating educational videos and apps for preschoolers. They were joined by Salwa Katkhuda as Partner and Head of Strategy and Growth in 2016.
In recent years the Company expanded its educational offerings to include online Arabic literacy solutions and platforms for schools, teachers, and students geared towards improving learning outcomes. Little Thinking Minds platforms for native and non-native Arabic speakers are currently being used by over 200 schools and 100,000 students across the region in both the public and private school sectors. The company has offices in Jordan, the United Arab Emirates, and Saudi Arabia.
“Digitization is transforming education and Little Thinking Minds are offering quality content with an engaging model in a region which has a growing student population. We are delighted to back this team led by Jordanian female entrepreneurs in the next phase of growth,” Laith Al-Qassem, CEO of ISSF said.
Speaking about the investment, Kayyali notes, “We are very excited that ISSF chose Little Thinking Minds as their first investment. This is a big testament to how far we have come and the impact we are creating and hopefully continue to create. We hope now with officially closing our Series A round we will continue to work on improving the delivery of our educational solutions aimed at improving learning outcomes and reach many more children in the region and globally”.