- iStoria secured 5 million Saudi riyals in a successful Seed investment round, supported by investors such as Nama Ventures and Classera.
- iStoria’s Saudi-based initiative in collaboration with Oxford emphasizes vocabulary-building through graded-reader stories, setting it apart in English language education.
- iStoria’s strategic expansion into the education sector has garnered a user base of over one million learners globally, with partnerships in private and government schools.
In a significant development for the education technology sector, iStoria, a specialized English language teaching application, announced the successful closure of its Seed investment round. The company secured a substantial 5 million Saudi riyals in funding, thanks to the generous support and participation of distinguished investors, including Nama Ventures, Classera, Flat6Labs, BIM Ventures, and a consortium of prominent angel investors.
iStoria has achieved an impressive user base exceeding one million learners globally, earning a commendable App Store rating of 4.6 out of 5. This surge in acclaim is attributed to iStoria’s strategic expansion into the educational sector. The platform has cultivated partnerships with numerous private and government schools, enabling seamless integration into their curriculum. This collaboration provides students with direct supervision, fostering English language development.
What sets iStoria apart is its Saudi-based initiative in collaboration with Oxford, offering a distinctive approach to English language education. The platform emphasizes vocabulary-building through carefully curated graded-reader stories tailored for learners of all levels. Accompanied by comprehension questions and rigorous tests, this method ensures learners excel in mastering international language tests. iStoria also incorporates innovative features that significantly enhance the overall user experience.
With the recent injection of capital, iStoria is poised to elevate its English language learning platform to new heights. The funding infusion will fuel accelerated innovation, enabling the company to expand its reach to learners worldwide. This investment represents a pivotal moment for iStoria, solidifying its position as a frontrunner in the field of English language education and promising even greater value for its users.
Launched in March 2022 by Eng. Abdullah Al-Jaberi, an accomplished entrepreneur and technical product developer, iStoria has been meticulously developed in collaboration with partners boasting over a decade of experience. The core team includes Dr. Faisal Al-Hamoud, bringing expertise in academic education and program content management in the English language; Eng. Abdel Nasser Al-Wali, a specialist in operations management; Eng. Ismail Ashour, an expert in technical management; and Mr. Khaled Al-Rashed, the marketing manager. Together with more than 20 highly skilled and passionate employees, this collaborative effort has brought iStoria to fruition.
Eng. Abdullah Al-Jabri, the visionary founder and CEO of iStoria, expressed his satisfaction with the conclusion of the investment round, stating, “Through this funding, we will continue our mission to empower individuals to communicate effectively and boost their confidence in using the English language. We are optimistic and eagerly anticipate the next phase of our journey. Our growth and impact will primarily come from serving organizations and expanding our global presence.”
As iStoria embarks on its journey to transform English language education globally, the recent investment marks a crucial chapter in its story, reflecting the company’s commitment to innovation, excellence, and empowering learners worldwide.
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Last Updated on January 29, 2024 by Safiya K
