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Wajeez the Jordan-based EdTech startup and book summary platform has successfully closed a pre-Series A funding round at $3M. The round was led by STV with the participation of Shorooq Partners, Mawdoo3, and Wise Venture.
Founded in 2020, Wajeez is working towards closing the gap between the Arabic-speaking MENA users comprising 7% of the world’s internet users, and Arabic content constituting only 3% of overall content through their app-based platform compiling 3,500+ Arabic summaries of global & local non-fiction literature.
Since its official launch, the company amassed an audience of 800,000 users in just 7 months by providing a carefully curated selection of summaries for the most popular non-fiction books. After deep vetting and content control, Wajeez produces easily consumable summaries as cofounder and CEO Mohammad Zatara highlights “People in the region often have a preference for shortened summaries of books and content, rather than full books. Through Wajeez, we offer anyone the opportunity to distill the main points from the most popular and award-winning non-fiction books, in Arabic, saving people the time while still extracting the key points.”
This spectacular fund comes as a booster and a promising sign for Wajeez, Talal Damen, Senior Associate at STV, concludes “We are happy to partner with a fast-growing startup like Wajeez, which marks our first investment in the Levant. With the largest library of non-fiction summaries in the region, the company has created a flywheel that only gets stronger with more time, content, and listeners. We believe this to be significant whitespace in the region, and are excited to partner with Mohammad and Rami on their journey.”
Through this newly acquired fund, Wajeez plans on expanding its offering: developing shortened podcasts “WajeezCast”, B2B partnerships, and expanding into other languages like Turkish and Urdu as its next frontier.
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