Abjjad raises $1M Series A funding round
Jordan: Abjjad, the Jordanian Arabic library that provides unlimited access to thousands of Arabic books and novels, has raised a $1M Series A funding round through Rimal Capital, JordInvest, and ISSF.
The Abjjad platform offers users unlimited access to 6000+ Arabic ebooks and novels, where they can rate, review, and add books to reading shelves, follow writers, and stay up-to-date with their latest work, amongst other features. Abjjad’s current offering is $5.99/month and currently has 1.5M registered readers and writers.
Founded by Eman Hylooz who has prior experience in the IT, digital marketing, and market research field, Ajjbad specializes in helping lost readers get convenient and affordable access to books, unrecognized authors to reach publicity, and publishers who are under the risk of extinction to become scalable and up to date with the new technology trends. Eman created Abjjad to help tackle this issue of linking readers to books and publishing houses and create a social reading platform for readers, writers, and publishers.
Eman Hylooz, Founder and CEO of Abjjad commented, “We at Abjjad, consider ourselves lucky to have onboard strategic investors that will take the company to the next level, we are very excited about the next stage and we already are witnessing at the very moment the growth within our team, our users, our publishers, and our beloved writers.”
The newly raised funds will be used to invest in users and ebooks acquisition where both are supported with ongoing investments in product and technology. Abjjad is looking to become the biggest digital Arabic library and the highest revenue-generating platform for Arabic authors and publishers while providing users with the best digital reading experience.
