Entrepreneurs / #ForbesEntrepreneurs

November 8, 2018,   4:15 PM

Lebanese Ed-Tech Startup Kamkalima Secures $1.5 Million Investment

Forbes Middle East


Beirut-based education technology startup Kamkalima says it has secured $1.5 million in funding from investors including Phoenician Funds, iSME and angel investor Tarek Jallad.

Formed in 2016 by two teachers, Siroun Shamigian and Nisrine Makkouk, Kamkalima is a web-based platform designed to provide digital tools for learning and teaching Arabic. Currently, the company works with over 60 schools in six countries across the Middle East, while reaching more than 400 teachers and 19,000 students, according to its website.

Looking ahead, Kamkalima plans to grow its reach to more schools by releasing new features and will add to its team, while using the capital to expand its presence in the region.

“In the previous year, we have demonstrated the need for Kamkalima in the MENA region and validated the product-market fit,” said Shamigian, who serves as CEO, in a statement regarding the funding.

Among Kamkalima’s backers in the new round, Phoenician Funds is a Beirut-based venture capital firm, while iSME is a $30 million initiative funded by Lebanon’s government and the World Bank that’s intended to increase investments for early-stage firms. iSME has invested in Kamkalima previously, taking part in a $400,000 seed round into the company in 2016.

Recently, Kamkalima was one of the only ed-tech companies to earn a spot on Forbes Middle East’s ranking of the Top 100 Startups in the Middle East 2018.

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