Lebanon-based Synkers, an educational technology platform that connects learners to highly qualified private teachers, has successfully raised a $1.8M Pre-Series A funding round, led by Dr. Lama and Dalia Al Sulaiman. 500 Startups, Phoenician Funds, ISME Kafalat, Mulcan Investment, Seeders, Crescent Capital, and Dubai Angel Investors also invested in the round.
Synkers' previous funding insights:
Synkers provide personalised and accessible education by matching every learner with the right tutor or mentor and offer a wide variety of courses, from school subjects and university courses to prep tests and professional skills. All tutors are pre-screened, background-checked, trained, and certified. The platform currently has more than 60,000 learners and 1,000 tutors and mentors.
Founded by Zeina Sultani (CMO) and Audrey Nakad (CEO), Synkers' vision is to build the largest community of knowledge exchange. Zeina joined Azadea Group Holding in 2005 and during her 12 years there, was exposed to all of the dynamics relating to the MENA region. Audrey, in 2019, was listed on Forbes 30 Under 30 and sold her first startup, a painting business in Montreal, when she was just 18.
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The startup aims to work hard to ensure that all tutors and mentors are well trained and equipped to build well-rounded students that are able to reach their highest potential with regard to their hard and soft skills. Following the announcement and in line with their focus of encouraging and helping students to grow, Audrey Nakad commented, "No matter how hard the journey of an entrepreneur is, the impact of our work on our student's performance pays it all off completely."
An investor in the Pre-Series A round added, "We invested in the Synkers team and the founders behind the vision, as we strongly believe that they have the potential to disrupt the education industry."
Synkers plan to use the funding to grow in the existing market (UAE and Lebanon) and expand into new markets, specifically KSA. The investment will allow the company to invest in product and technology to offer a better, personalised experience.
The Digitainment Industry saw a number of sizable investments over the last 5 years, a total of $235M invested across 98 deals from 2015 to 2019. Discover more trends and insights in our 2019 Digitainment Venture Investment Report.