Jordan's Mawdoo3.com has announced today securing a total of $23.5 Million in funding after the addition of $10 Million to the final closing of its Series B round.
UK-based Kingsway Capital, US-based Endure Capital, Endeavor Catalyst, Equitrust (the investment arm of Choueiri group), as well as AdamTech Ventures, have participated in this round after the initial closing of $13.5 Million announced in July 2018.
Founded by Rami Al-Qawasmi and Mohammad Jaber, Mawdoo3.com's mission started by enriching the Arabic content on the internet, using technology and artificial intelligence techniques to diminish the gap between Arabic online content and the growing number of Arabic internet users. Today, the company serves 50 million unique Arab users per month searching for answers and information in their native language. Read more >>