Riyadh – Sharikat Mubasher: Wa’ed Ventures, the $500 million venture capital arm of Aramco, has led a $5 million investment round in Ynmo, a Saudi-based company transforming educational and rehabilitative technology for children, including those with disabilities.
The round also saw participation from Qatar Development Bank (QDB) and Nour Nouf Ventures, a fund focused on impact-driven startups, according to an official press release.
Ynmo plans to use the funding to expand its services and introduce new features to enhance early childhood support for children with disabilities. The company also seeks to strengthen collaborations with governmental, educational, and rehabilitative institutions across the Gulf region.
Founded in 2017 by Fahad Al-Nemary, Abdullah Murad, and. Faisal Al-Nemary, Ynmo offers a comprehensive platform that helps specialists create advanced rehabilitation and educational programs using AI technology. It also provides parents access to a network of experts in behavioral therapy, speech and language therapy, and psychological therapy.
Anas Al-Qahtani, Acting CEO of Wa’ed Ventures, commented: “Ynmo represents an outstanding impact-driven platform that leverages technological advancements to deliver high-quality educational and rehabilitative services. We are excited to collaborate with the team and drive meaningful change in the region by fostering an inclusive environment for children with disabilities.”
Mohammed Al Emadi, Acting Executive Director of Investment & Incubation at Qatar Development Bank, added: “We believe that technology plays a powerful role in improving access to educational content and enhancing the learning experience for the targeted beneficiaries of this product. Our support for this sector aligns closely with the clusters and sectors targeted under Qatar’s Third National Development Strategy 2024–2030. Moreover, our investment in Ynmo reflects
Qatar Development Bank’s goals are to foster innovation, drive expansion within Qatar, and establish a center for the company’s operations in the country.”
Prince Salman bin Faissal Al Saud, Executive Board Member at Nour Nouf Ventures, said: “Investing in Ynmo is an investment in a brighter, more inclusive future for children with disabilities. Their solution represents a fundamental shift in how we think about educational and rehabilitative access. I am thrilled to support their mission of creating equitable learning environments across the region.”
Fahad Al-Nemary, co-founder and CEO of Ynmo, expressed gratitude for the support of investors and partners: “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 their abilities, has the right to quality education and support.”