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Oasis500 Announces Partial Exit from Little Thinking Minds
Exits 2 years ago - Sun, Feb 3, 2019, 3:04 PM
As part of its mission to invest and support the entrepreneurship ecosystem in Jordan, Oasis500 has exited partially from one of its regional Edtech startup Little Thinking Minds as part of the support provided to the company since investing. The company has just secured Series A round from different regional investors allowing the company to scale in the region and beyond.
Oasis500 invests in start-up companies in their seed stages in return for equity. It accelerates startups connecting them with investors and mentors to help them grow. “Our objective as an early stage investor in startups is to sell shares in these companies after reaching certain level of growth that usually takes a seven year period” said Luma Fawaz, CEO of Oasis500. “The first investment fund was established in 2011 and has matured and we’ve started selling our shares in the companies that are now in their Growth Stage”.
Little Thinking Minds has achieved many milestones and is a success story in the region. The company was co-founded by Rama Kayyali and Lamia Tabbaa back in 2005 and were joined by Salwa Katkhuda as Partner and Head of Strategy and Growth in 2016.
Speaking about the exit, Rama Kayyali says, “We’re very proud to have been a success story for Oasis500 and certainly joining their accelerator was a turning point for us. Now in our growth phase, we plan to expand our product portfolio as well as empowering our product platforms with data tools and analytics that will improve student learning journeys and their outcomes. We wish to capitalize on our strong traction, perfect the user journey in terms of learning outcomes and user experience, and become the educational platform and partner of choice across the region.“
Little Thinking Minds, was one of the earliest Investments of Oasis500 done in year 2011, the company creates educational products and resources for school-aged children (4-12 years of age) with the aim of improving learning outcomes, advancing skills and increasing social and cultural connectedness in the Middle East and North Africa (MENA). Their products are being used in over 200 public and private schools across the MENA region, as well in select school systems in Australia, Canada, and North America. To date, LTM products have reached over 100,000 students globally.
“An epitome of ambition, perseverance and dedication, “Little Thinking Minds” and the great team behind it are an inspiration to all Jordanian startups. You make us proud” added Luma Fawaz, CEO of Oasis500.