Wa’ed Ventures, the $500 million venture capital fund wholly owned by Saudi Aramco, has led a $5 million investment round in Ynmo, a Saudi company that specializes in providing educational and rehabilitation technology solutions for children, including children with disabilities.
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The round also included participation from Qatar Development Bank and Noor Nouf Investment Company, which focuses on investing in impactful startups.
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Yanmu intends to use this investment to expand its services and add new features aimed at improving services provided to children with disabilities and increasing their access to these services in early childhood. The company also seeks to strengthen its partnerships with government agencies and educational and rehabilitation institutions in the Gulf countries and the region.
Ynmoo enables specialists to develop advanced rehabilitation and educational programs supported by artificial intelligence technologies, and provides parents with access to support and consultation services through a wide network of specialists in behavioral therapy, speech and language therapy, and psychotherapy. Eng. Anas Al-Qahtani, Acting CEO of Wa’ed Ventures, said: “Ynmo is a strong example of an impact-driven platform that leverages technological advancements to enable access to high-quality education.
We are excited to collaborate with the team and drive tangible change in the region by fostering an inclusive learning environment for students with unique needs.” Mr. Mohammed Abdul Salam Al Emadi, Acting Executive Director of Investment and Business Incubation at Qatar Development Bank, said: “We believe that technology has a powerful role in improving access to educational content and enhancing the educational experience for the target groups of this product. Our support for this sector is fundamentally aligned with the target groups and sectors in Qatar’s Third National Development Strategy 2024-2030. Our investment in “Yanmo” is also in line with Qatar Development Bank’s objectives to support innovation and expansion in the State of Qatar and establish a center for the company’s operations in Qatar.”
His Highness Prince Salman bin Faisal bin Abdullah Al Saud, Managing Director of Noor Nouf Investment Company, said: “Investing in “Yanmo” is an investment in a brighter and more inclusive future for students with special needs. Their solution is a radical change in how we think about supporting and accessing education, and I am excited to support their mission to create equitable learning environments across the region.”
Dr. Fahad Al Namri, Co-Founder and CEO of “Ynmo” said: “We are very grateful for the support of our investors and partners who have contributed to enhancing our impact since day one. “This funding will accelerate our mission to improve services for children with disabilities. Together, we are committed to creating a future where every child, regardless of ability, has the opportunity to benefit from a comprehensive education and rehabilitation.”
About Ynmo
Founded in 2017 by Dr. Fahad Al Namri, Dr. Abdullah Murad, and Dr. Faisal Al Namri, Ynmo provides an integrated environment to organize services provided to children with disabilities and their families.
About Wa’ed Ventures
Founded in 2013, Backed by Aramco, Wa’ed Ventures is a $500 million venture capital fund with the aim to accelerate the development of an integrated startup ecosystem by investing in local tech-based startups and incentivizing global entrepreneurs to localize their tech innovations in the Kingdom.
