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Lumofy, a Bahrain-based EdTech startup that gives worker coaching and focused capacity-building introduced that it has raised $500,000 in funding spherical led by a number of traders, together with Hope Fund, JEO Capital Administration, and the 2 angel traders, Yaser Alghamdi and Abdulrahman Al Jiffry.
Based in 2020 by Ahmed Faraj, Lumofy helps organizations deploy the competency-based studying platform to map competencies, assess abilities, speed up private improvement, and aligning the educational and improvement with the group’s strategic priorities. The startup prides itself on providing edua data-backed digital studying platform with a singular methodology and authorized scientific strategy that resonates with the brand new world of labor.
Lumofy is on a mission to offer competency-based studying expertise devoted to striving management traits, main managerial abilities, enhancing staff’ competencies, and uplifting intuitive minds via an efficient utility and integration of the academic interactive platform with steady deployment of revolutionary rising applied sciences.
Commenting on the funding, Founder and CEO of Lumofy, Ahmed Faraj, mentioned, “This funding will allow us to take necessary steps impacting the fashionable know-how and EdTech business. it would enable us to bolster our development considerably through the upcoming interval to develop the enterprise regionally and globally whereas guaranteeing sustainable development.”
The corporate goals to steer transformative change throughout numerous studying environments to unleash, excel and keep human potentials. Lumofy empowers the creation of a revolutionary lifelong studying journey to encourage folks with dynamic future capabilities.
Normal Supervisor of Hope Ventures, Fajer Alpachachi, mirrored on the funds’ first development funding, saying, “Lumofy makes use of proprietary know-how to resolve a problem that every one massive companies face offering staff with focused coaching based mostly on particular person wants. Lumofy workforce has been capable of remedy an ongoing drawback and have confirmed the platforms’ effectiveness via their spectacular portfolio of shoppers. By co-investing in Lumofy alongside the non-public sector, we belief that we can collectively help within the acceleration of the enterprise.”
Lumofy workforce has achieved development within the area via partnering with main governmental and personal organizations. The platform was acknowledged as one of many 50 most promising EdTech Startups within the Digital Coaching business on HolonIQ’s annual listing within the Center East and North Africa.
Within the close to future, Lumofy is maintaining a tally of rising the variety of learners on its platform by ten instances, all whereas anticipating to develop towards new international locations.
In regards to the Creator
Creator: Shalini Pathak
Shalini Pathak is a Employees Author at EdTechReview (ETR) – India’s main edtech media & group. She has over 4 years of expertise in media, protecting completely different beats. Like all writers she’s an enthusiastic reader first with a ardour to create out of the field content material, and a capability to jot down about any matter. As part of the ETR workforce, she is going to cowl the newest within the edtech business with a concentrate on edtech startup tales and their funding.Like what we do?
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