Lumofy, a Bahrain-based EdTech startup that provides employee training and targeted capacity-building announced that it has raised $500,000 in funding round led by several investors, including Hope Fund, JEO Capital Management, and the two angel investors, Yaser Alghamdi and Abdulrahman Al Jiffry.
Founded in 2020 by Ahmed Faraj, Lumofy helps organizations deploy the competency-based learning platform to map competencies, assess skills, accelerate personal development, and aligning the learning and development with the organization’s strategic priorities. The startup prides itself on offering edua data-backed digital learning platform with a unique methodology and approved scientific approach that resonates with the new world of work.
Lumofy is on a mission to provide competency-based learning experience dedicated to striving leadership traits, leading managerial skills, improving employees' competencies, and uplifting intuitive minds through an effective application and integration of the instructional interactive platform with continuous deployment of innovative emerging technologies.
Commenting on the funding, Founder and CEO of Lumofy, Ahmed Faraj, said, "This investment will enable us to take important steps impacting the modern technology and EdTech industry. it will allow us to reinforce our growth significantly during the upcoming period to expand the business regionally and globally while ensuring sustainable growth."
The company aims to lead transformative change across diverse learning environments to unleash, excel and maintain human potentials. Lumofy empowers the creation of a revolutionary lifelong learning journey to inspire people with dynamic future capabilities.