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Edtech Startups Prosper in Initial Week of July

The startup environment is thriving, with large venture investments and strategic acquisitions taking place across a wide range of industries, from educational technology to digital content and cryptocurrency.

Jeel, a Saudi-based edtech firm for children, adolescents, parents, and educators, has raised $7 million in funding from RZM Investment and a group of notable angel investors.

Jeel intends to expand its footprint in the B2B and B2G sectors by providing services to institutions and governments.

“Our goal is to broaden our scope and impact in digital content by partnering with institutions and governments, thereby driving growth in the sector,” according to a Jeel representative.

The funds will also be used to develop new languages to the Jeel app, with the goal of attracting more users from diverse Arab countries and expanding into new regional markets.

“We are committed to providing a superior user experience by integrating new features and continually improving our app,” according to a spokeswoman.

In addition, the company will develop a full online store to enable the purchase of Jeel app-related products and services, providing customers with a seamless experience while also contributing to revenue growth.

“With this investment, Jeel reaffirms its commitment to providing innovative and purposeful digital content for children, adolescents, parents, and educators, with a focus on enhancing and enriching the Arabic language,” according to a spokeswoman.

According to the statement, this strategic investment will allow Jeel to continue its aim of providing high-quality instructional and entertaining digital content, establishing itself as an industry leader.

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