QiDZ, an ed-tech startup based in Dubai, has confirmed that it had a rather successful seed funding round which added $1 million fresh capital to the company’s kitty.
Several regional and global investors took part in the round, including heavyweights such as 500 Startups, Oman Technology Fund, Seedstars, Vision Ventures, Delta Partners Ventures, and Mindshift Capital, among others.
QiDZ says it will utilize the newly raised funds in further polishing its product offering. Additionally, a part of the $1M in proceeds will also be kept for expanding its regional team and footprint in other GCC markets.
For those out of the loop, QiDZ offers a first-of-its-kind mobile app that consolidates all types of family-related infotainment content alongside loads of educational activities for kids. Launched in Nov 2017, QiDZ is one of the better-known startups with an all-female team of co-founders.
Speaking of the value the QiDZ app brings to the ed-tech sector in the region, Khalid Al-Hadlaq, an investor and an advisory board member, said: “QiDZ has established real value for kids entertainment in the UAE. I am excited to see the growth and what the team has achieved, and to be part of the journey.”