A Saudi-based education technology firm, Coded Minds has announced the closing of its latest round of funding from a single investor, Alarabi Investments. Alarabi Investments has become a significant minority shareholder in Coded Minds Limited therefore valuing Coded Minds now at AED40 million with this round of funding.
Coded Minds offers a huge variety of modernized project-based courses taught across the UAE’s private and public schools. The company is licensed by Knowledge & Human Development Authority (KHDA). The company has developed a disruptive business model that is expected to change the dynamics of the education sector. This new approach will capitalize on the relatively younger population of GCC countries.
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