Classera, has successfully raised $40 million in a Series A round led by Sanabil Investments, accompanied by Global Ventures, Endeavor Catalyst, 500 Global, Sukna Venture, and Seedra Ventures. The round additionally included a diverse set of investors from Silicon Valley, emerging markets, and global family offices.
Proceeds will be used by Classera to continue developing its Learning Super Platform (“LSP”) for the education and corporate training sectors, and accelerate its global expansion, especially into Asia Pacific and elsewhere, via direct sales, channel partners, and acquisitions. The proceeds will also help Classera – via its specialized platform for corporate e-training “LeadXera”- to expand faster into that huge sector – which is one of the primary target post this investment.
Mohammad Almadani, CEO and co-founder of Classera, said “Today is a milestone in the Classera journey. I am honored to receive the backing of such an esteemed group of global investors, and immensely proud of our team whose passion has always been to revolutionise the learning experience. Together, we scaled Classera from limited resources to become a leading global EdTech platform. I am glad that we impacted and empowered the learning journey of millions, I hope our evolving story will serve as an inspiration to others, and we are optimistic that the best is yet to come.”
“The funding will help us take our “LSP” to the next level, making it smarter, inspiring and simpler, and for our clients and partners globally. Many learning institutions, especially after the pandemic, are convinced they need the next generation of e-learning solutions. This is where Classera comes in; as we aim to expand our offerings to more global markets and become the partner of choice for education and training institutions covering all of their needs in a turnkey solution and provide its members with a unique learning experience that enables them to reach their full potential.”
