Baims, the leading EdTech startup offering a wide range of online courses to university and high school students across the Middle East and North Africa region (Mena), with a presence in Saudi Arabia, Kuwait, Jordan, Bahrain, and Turkey, has recently raised $4 million in its Series A round led by AK Holding with participation from Al-Wazzan Educational Group, Rasameel Investment House and other investors.
Kuwaiti startup plans to utilize the latest funding to accelerate the development of its innovative platform, increase its marketing efforts, and develop new educational content and services. With its innovative approach to education and its commitment to empowering students, Baims is poised to impact the future of education in MENA significantly.
Co-founded by Bader Al-Rasheed and Yousef Alhusaini in 2017, Baims aims to provide accessible and affordable education to university and high school students across MENA, regardless of their background or financial situation. The platform allows top instructors to teach and students to study anytime and anywhere at a fraction of today’s cost, making high-quality education accessible to everyone. It offers various educational content and services, including tailored video lectures, live sessions, chat groups, and interactive exercises. With an intuitive and user-friendly interface, students can access these materials anytime and anywhere, making it easy to learn at their own pace and on their schedule.
Commenting on the fundraising, Co-founder & CEO of Baims, Yousef Al-Husaini, said:
We are thrilled to have the support of our investors, who share our vision of providing accessible and affordable education to students across Baims is short for Big Aims. It was chosen because it is characteristic of young people, especially university students, who have their whole life and possibilities ahead of them and big future goals.
The Baims network’s instructors include ‘top-tier’ professors, engineers, and tutors. It uses a revenue-share model for its instructors, who provide content tailored to each subject’s curriculum.
Abdullateef Al-Thuwaini from AK Holding added:
We are proud to lead the Series A investment round supporting Baims. We have followed its noticeable growth over the years and are confident it can grow even more to become the leading EdTech company in the MENA region soon. Baims stands out, and its impact on students is clear with its wide array of online courses. We trust the CEO’s vision and leadership to bring the company to bigger success. AK Holding Company values hard-working entrepreneurs such as Yousef Al-Husaini and his team. We will continue to support projects that bring added value to society.
Last year in May, Baims raised $2.2 million in a pre-Series A funding round led by Rasameel Investment House. Before that, the company had raised an undisclosed amount in a seed funding round led by AlWazzan Education, a service provider of K-12 American, British and Arabic education in Kuwait. VC firm Seed Partners and several angel investors also participated in this round in 2020.
