Value Makers Studio’s Egypt investment spree continues: Homegrown Arabic-language audiobook summary and education platform Akhdar has raised a six-figure USD investment from Saudi accelerator Value Makers Studio (VMS), according to a statement (pdf) from the company.

What does Akhdar do? It’s an Arabic language platform that sums up books and podcasts into short, easy-to-understand audio summaries and explainers. Their application has been installed over 2 mn times and boasts 1.5 mn users from 174 countries. The firm began life in 2016 as a YouTube channel before creating its own platform in 2020.

Where is the money going? Akhdar will use the fresh financing to “support [Akhdar] expansion plans into the GCC region, with a particular emphasis on Saudi Arabia,” said Akhdar co-founder and CEO Mohamed Osama.

VMS is serious about the local edtech scene: Akhdar is one of three local education startups to have recently received an equity investment from VMS. The VC also invested in OBM Education and Awfar at a recent startup conference in Egypt.

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