About Abwaab
Abwaab is a company based in Amman (Jordan) founded in 2019 by Sabri Hakim, Hamdi AlTabbaa, and Hussein AlSarabi.. Abwaab has raised $27.5 million across 3 funding rounds from investors including BECO Capital, 4DX Ventures and GSV Ventures. Abwaab has completed 3 acquisitions, including Ed-Matrix, EdMatrix and Edmatrix. Abwaab operates in a competitive market with competitors including uLesson, Zenius, Khan Academy, Cambium Learning and Baims, among others.
- Headquarter Amman, Jordan
- Founders Sabri Hakim, Hamdi AlTabbaa, Hussein AlSarabi
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Sectors
Education
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$27.5 M (USD)
in 3 rounds
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Latest Funding Round
$20 M (USD), Series A
Nov 15, 2021
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Investors
BECO Capital
& 10 more
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Employee Count
Employee Count
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Investments & Acquisitions
Ed-Matrix
& 2 more
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Funding Insights of Abwaab
Abwaab has successfully raised a total of $27.5M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $20 million completed in November 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $20.0M
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First Round
First Round
(17 Mar 2020)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series A - Abwaab | Valuation | BECO Capital | |
| Mar, 2021 | Amount | Seed - Abwaab | Valuation | 4DX Ventures , BECO Capital |
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| Mar, 2020 | Amount | Seed - Abwaab | Valuation | Adam Tech Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Abwaab
Abwaab has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include BECO Capital, 4DX Ventures and GSV Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments are provided to startups in the Gulf and MENA region.
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Founded Year | Domain | Location | |
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Early-stage investments in technology companies are targeted by 4DX Ventures.
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Founded Year | Domain | Location | |
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Ed-tech startups are funded by GSV Ventures through venture capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Abwaab
Abwaab has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Ed-Matrix, EdMatrix and Edmatrix. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online courses in programming and math are offered to students.
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2020 | ||||
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Multiple test preparation solutions are offered via an online platform.
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2020 | ||||
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Agency management systems for education agencies are provided.
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Abwaab
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Abwaab Comparisons
Competitors of Abwaab
Abwaab operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as uLesson, Zenius, Khan Academy, Cambium Learning and Baims, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of online learning platform for school students
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| domain | founded_year | HQ Location |
App-based courses for school subjects are delivered via mobile platforms.
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| domain | founded_year | HQ Location |
Free online micro lectures on diverse subjects are offered.
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| domain | founded_year | HQ Location |
Educational solutions and services company
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| domain | founded_year | HQ Location |
Courses on diverse topics are delivered via an online platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Abwaab
Frequently Asked Questions about Abwaab
When was Abwaab founded?
Abwaab was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Abwaab located?
Abwaab is headquartered in Amman, Jordan.
Who is the current CEO of Abwaab?
Hamdi AlTabbaa is the current CEO of Abwaab. They have also founded this company.
Is Abwaab a funded company?
Abwaab is a funded company, having raised a total of $27.5M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.4M, raised on Mar 17, 2020.
What does Abwaab do?
Abwaab was founded in 2019 in Amman, Jordan, as an online platform in the education technology sector. School curriculum tutoring is delivered via short interactive videos, review summaries, model answers, explanations, and practice questions. A discussion forum is provided for user interaction, and competitions are organized. Mobile applications are available for Android and iOS devices to support access across the region.
Who are the top competitors of Abwaab?
Abwaab's top competitors include Cambium Learning, Brilliant and uLesson.
How many acquisitions has Abwaab made?
Who are Abwaab's investors?
Abwaab has 11 investors. Key investors include BECO Capital, 4DX Ventures, GSV Ventures, Watar Partners, and EQ2 Ventures.
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