- Classera will leverage the fund to continue developing its Learning Super Platform (“LSP”) for the education and corporate training sectors, and cement its position as a global leader in e-learning and EdTech
Classera, a global edutech e-learning company focused on emerging markets, has closed a $40 million in a Series A round, the largest in EdTech globally for a company with no prior funding.
The round also mark’s the largest funding round ever in Edtech, in MENA and most of Africa.
Classera will leverage the fund to continue developing its Learning Super Platform (“LSP”) for the education and corporate training sectors, and cement its position as a global leader in e-learning and EdTech.
The round was led by Sanabil Investments, wholly owned company by Public Investment Fund (“PIF”), accompanied by Global Ventures, Endeavor Catalyst, 500 Global, Sukna Venture, and Seedra Ventures. The round additionally included a diverse set of investors from Silicon Valley, emerging markets, and global family offices.
In addition to Classera’s new product, the investment will be used to target more growth in MENA, the rest of Africa, and to accelerate its global expansion especially into Asia Pacific (APAC) and elsewhere, via direct sales, channel partners, and acquisitions.
The proceeds will also help Classera – via its specialized platform for corporate e-training “LeadXera”- to expand faster into that huge sector – which is on of the primary target post this investment.
Classera is the largest Edtech company in MENA and most of sub-Saharan Africa, educating millions of learners in over 30 countries.
The Company’s LSP is a fully integrated eco-system that includes a gamified learning management platform based on A.I and social learning, an augmented reality learning app “C-Reality”, a full ERP for educational institutions “C-Smarter”, an integrated e-payment gateway “C-Pay” for pocket money, tuitions payments and financing, and a specialized educational marketplace for Edtech and educational supplies products “Edumalls”.
All under one umbrella to ease the process and boost learning engagement and thus the overall learning experience.
Classera’s thousands of customers include over 10 Ministries of Education, private K-12 schools, universities, and corporates for e-training. It has developed over 100 strategic partnerships with global and regional players including Microsoft, Zoom, Amazon, Intel, Udemy, and HP. Last year, the company launched a co-branded solution alongside HP, under the name “HP-ClassEasy by Classera” which is now offered in several countries globally.