Synkers, a Lebanese edtech has announced it has raised US$1.8 million in a pre-Seris A in a press statement. The round of financing was led by Dalia Al Sulaiman (who run a Saudi conglomerate Rolaco Holdings) according to the statement. Other existing and new investors that participated in the round include 500 Startups (500 Falcons), Phoenician Funds, Kafalat iSME, Mulcan Investment, Seeders, Crescent Capital, and Dubai Angel Investors.
Launched in 2016 by Zeina Sultani and Audrey Nakad, Synkers provide personalised and accessible education by matching every learner with the right tutor or mentor and offer a wide variety of courses, from school subjects and university courses to prep tests and professional skills.
The startup claims to have over 60,000 learners and 1,000 tutors and mentors. It has primarily been focusing on Lebanese but will invest the new funds to expand to new markets mainly Saudi.
The startup has been focusing on the UAE and Lebanese market until now plans to use the new funds to expand to new markets mainly Saudi the statement noted. It said that the investment will allow it to invest in product and technology to offer a better, personalized experience.