Waed Ventures leads $5 million investment round in Saudi education technology company YNMO with participation from Qatar Development Bank and Noor Nouf Investment Company

Riyadh – Mubasher: Wa’ed Ventures, the $500 million venture capital fund wholly owned by Saudi Aramco, announced that it has led a $5 million (SAR 18.75 million) investment round in Saudi company Yanmoo, which specializes in providing educational and rehabilitation technology solutions for children, including children with disabilities.

The tour also included the participation of Qatar Development Bank and Noor Nouf Investment Company, which focuses on investing in startups with a positive impact, according to a statement by Yanmu Company.

The company explained that it intends to benefit from this investment to expand the scope of its services and add new features aimed at improving the services provided to children with disabilities and increasing their access to these services in the early childhood stage. The company also seeks to strengthen its partnerships with government agencies and educational and rehabilitation institutions in the Gulf countries and the region.

Yanmu was founded in 2017 by Dr. Fahd Al-Nimri, Dr. Abdullah Murad, and Dr. Faisal Al-Nimri to provide an integrated environment to organize services provided to children with disabilities and their families.

Yanmu 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.

Anas Al-Qahtani, Acting CEO of Wa’ed Ventures, said that Yanmou is a strong example of an impact-driven platform that leverages technological advancements to enable access to high-quality education.

“We are excited to partner with the team and drive tangible change in the region by fostering an inclusive learning environment for students with unique needs,” Al-Qahtani added.

For his part, Mohammed Abdul Salam Al Emadi, Acting Executive Director of Investment and Business Incubators at Qatar Development Bank, said: “We believe that technology has a strong 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 consistent with the target groups and sectors in the Third National Development Strategy of the State of Qatar 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.”

“Investing in Yanmoo is an investment in a brighter, more inclusive future for students with special needs,” said Prince Salman bin Faisal bin Abdullah Al Saud, Managing Director of Noor Nouf Investment Company. “Their solution is a game changer in how we think about education support and access, and I am excited to support their mission to create equitable learning environments across the region.”

“We are very grateful for the support of our investors and partners who have helped drive our impact since day one,” said Fahad Al Nimri, co-founder and CEO of Yanmo. “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 comprehensive education and rehabilitation.”

On December 15, Wa’ed Ventures, the venture capital arm of Saudi Aramco, announced a $5 million investment in EME, a Dutch innovation company specializing in sustainability and circular economy solutions.
Wa’ed Ventures is a venture capital fund that aims to accelerate the development of the local startup ecosystem. Wa’ed Ventures is one of Saudi Aramco’s venture capital funds, designed to support the startup ecosystem in the Kingdom by investing in local technology-based startups and localizing world-leading innovations.

Saudi Aramco established Wa’ed Ventures in 2013 to bridge the gap between local technology startups and fully commercially mature companies, by providing a mix of venture capital funding and post-investment support services.