Jordan’s leading seed investment company Oasis500 has announced its partial exit from ed-tech startup Little Thinking Minds. The move, according to the company, is motivated by its core objective of supporting an independent and thriving entrepreneurship ecosystem in the country.
Oasos500’s partial exit has come at a time when Little Thinking Minds is already scoring big wins in the ongoing Series A round participated by investors from across the region. The ongoing round is expected to help the company in scaling regionally and beyond.
Oasis500 invests in seed-stage companies in return for equity. It then helps them accelerate by connecting them with investors and mentors.
“Our objective as an early stage investor in startups is to sell shares in these companies after reaching a certain level of growth that usually takes a seven-year period,” said Luma Fawaz, CEO of Oasis500.
Speaking of the exit from Little Thinking Minds, Fawaz added: We’re very proud to have been a success story for Oasis500 and certainly joining their accelerator was a turning point for us. Now in our growth phase, we plan to expand our product portfolio as well as empowering our product platforms with data tools and analytics that will improve student learning journeys and their outcomes.”
It is worth noting here that Little Thinking Minds was one of Oasis500’s earliest investments back in 2011. The ed-tech firm specializes in creating educational resources and products for young school-going children aged between four to 12.
