Tech Company Financing Transactions
Classera Funding Round
Sanabil Investments, 500 Global and Endeavor Catalyst participated in a $40 million Series A funding round for Classera. This venture round closed on 10/27/2022.
Transaction Overview
Company Name
Announced On
10/27/2022
Transaction Type
Venture Equity
Amount
$40,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the proceeds to continue developing its Learning Super Platform ("LSP") for the education and corporate training sectors, and cement its position as a global leader in e-learning and EdTech. In addition, the investment will be used to target more growth in MENA, the rest of Africa, and to accelerate its global expansion especially into Asia Pacific (APAC) 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 into the corporate sector.
Company Information
Company Status
Private & Independent
Industry
EdTech
Mailing Address
555 California St 4925
San Francisco, CA 94104
USA
San Francisco, CA 94104
USA
Phone
Undisclosed
Website
Email Address
Overview
As Classera is the largest company in the region and one of the global industry leaders. if always seeks to reach the highest innovations in the field. Now Classera's Services go beyond the traditional e-learning systems to an integrated one, presenting new quality services that will rock the land of the educational technology Herein, you will be presented to the latest.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Mohammad Almadani
Chief Financial Officer
Tariq Khan
Chief Technical Officer
Mohammed Alashmawi
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