Saudi-based edutech, iStoria announced a raise of $1.3 million in the Seed funding round that saw the participation of several investors, including Nama Ventures, Classera, Flat6Labs, BIM Ventures, and several prominent angel investors.
iStoria, in partnership with Oxford, is a specialized application for teaching the English language and has a user base exceeding one million learners worldwide. The startup has garnered high levels of satisfaction, boasting a remarkable App Store rating of 4.6 out of 5.
Launched in March 2022 the startup has witnessed a popularity surge driven by the application’s expansion into the educational sector, where it has forged partnerships with numerous private and government schools. These collaborations have enabled schools to incorporate iStoria into their curriculum, facilitating English language development for students and offering direct supervision.
iStoria emphasizes vocabulary-building through graded-reader stories tailored for learners of all levels, accompanied by comprehension questions and rigorous tests to master vocabulary. This method is thoughtfully designed to ensure learners succeed in mastering the international language tests. Additionally, the application offers innovative features that enhance the overall user experience.
With the infusion of capital, iStoria is set to enhance its English language learning platform further, accelerating innovation and expanding its reach to learners worldwide. This recent investment marks a significant milestone in establishing iStoria as prominent in the field of English language education, delivering even greater value to its users.
Eng. Abdullah Al-Jabri, the founder and CEO of iStoria said, “Through this funding, we will continue our mission to empower individuals to communicate effectively and boost their confidence in using the English language. We are optimistic and eagerly anticipate the next phase of our journey. Our growth and impact will primarily come from serving organizations and expanding our global presence.”