Wa’ed Ventures Leads $5 Million Investment in Saudi EdTech Ynmo
Ynmo, a Saudi-based educational and rehabilitative technology company, has successfully raised $5 million in its latest investment round. The funding was led by Wa’ed Ventures, the $500 million venture capital arm of Aramco, with participation from Qatar Development Bank (QDB) and Nour Nouf Ventures, a fund focused on impact-driven startups.
Revolutionizing Education and Rehabilitation
Founded in 2017 by Dr. Fahad Al-Nemary, Dr. Abdullah Murad, and Dr. Faisal Al-Nemary, Ynmo specializes in providing tailored, data-driven solutions for children, including those with disabilities. The platform leverages advanced AI technology to deliver educational and rehabilitative services that empower children of all abilities and support their families.
Ynmo’s integrated platform enables:
- Specialists to develop advanced rehabilitation and educational programs based on global best practices.
- Parents to access support and consultations through a wide network of experts, including behavioral therapists, speech and language therapists, and psychological therapists.
Investment to Drive Growth
The newly secured funding will be allocated to:
- Service Expansion: Broadening Ynmo’s offerings to cater to more children across the Gulf region.
- Feature Development: Introducing innovative functionalities to improve access to early childhood services.
- Strengthened Partnerships: Collaborating further with governmental, educational, and rehabilitative institutions in the region.
Comments from Key Stakeholders
Eng. Anas Al-Qahtani, Acting CEO of Wa’ed Ventures, remarked:
“Ynmo represents an outstanding impact-driven platform that leverages technological advancements to deliver high-quality educational and rehabilitative services. We are excited to collaborate with the team and drive meaningful change in the region by fostering an inclusive environment for children with disabilities.”
Mohammed Al Emadi, Acting Executive Director of Investment & Incubation at QDB, added:
“We believe that technology plays a powerful role in improving access to educational content and enhancing the learning experience for targeted beneficiaries. Our investment reflects Qatar Development Bank’s goals of fostering innovation, driving expansion, and establishing a center for Ynmo’s operations in Qatar.”
HH Prince Salman bin Faisal Al Saud, Executive Board Member at Nour Nouf Ventures, emphasized:
“Investing in Ynmo is an investment in a brighter, more inclusive future for children with disabilities. Their solution represents a fundamental shift in how we think about educational and rehabilitative access.”
Dr. Fahad Al-Nemary, CEO and co-founder of Ynmo, expressed his gratitude, stating:
“This funding will accelerate our mission to improve services for children with disabilities. Together, we are committed to creating a future where every child, regardless of their abilities, has the right to quality education and support.”
Past and Future Milestones
- In 2021, Wa’ed Ventures invested $500,000 in Ynmo, marking the beginning of their partnership.
- Ynmo’s solutions have already created significant impact in the Gulf region, with plans to further expand operations and enhance service delivery.
With this latest funding, Ynmo is well-positioned to continue its mission of creating equitable learning environments and revolutionizing education and rehabilitation for children across the Gulf and beyond.