Bahrain-based Employee Training Platform Lumofy Raises $500k From Hope Ventures, Others

Bahrain-based Employee Training Platform Lumofy Raises $500k From Hope Ventures, Others

 

General Manager of Hope Ventures, Fajer Alpachachi, reflected on the funds’ first growth investment, saying, "Lumofy uses proprietary technology to solve a challenge that all large corporations face providing employees with targeted training based on individual needs. Lumofy team has been able to solve an ongoing problem and have proven the platforms’ effectiveness through their impressive portfolio of clients. By co-investing in Lumofy alongside the private sector, we trust that we will be able to jointly support in the acceleration of the business."

Lumofy team has achieved growth in the region through partnering with leading governmental and private organizations. The platform was recognized as one of the 50 most promising EdTech Startups in the Digital Training industry on HolonIQ's annual list in the Middle East and North Africa.

In the near future, Lumofy is keeping an eye on growing the number of learners on its platform by ten times, all while expecting to expand toward new countries.

 

 

 

About the Author
Author: Shalini Pathak
Shalini Pathak Shalini Pathak is a Staff Writer at EdTechReview (ETR) - India's leading edtech media & community. She has over four years of experience in media, covering different beats. Like all writers she's an enthusiastic reader first with a passion to create out of the box content, and an ability to write about any topic. As a part of the ETR team, she will cover the latest in the edtech industry with a focus on edtech startup stories and their funding.

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