Dubai – Mubasher: Amanat Holdings has invested AED 18.4 million ($5 million) in BEGiN, a US-based leading education technology company, to become BEGiN’s main strategic partner in MENA.

The acquisition is Amanat’s first-ever venture capital investment, reflecting its commitment to contribute to the digitization of the education and healthcare sectors in the region, according to a press release on Sunday.

By partnering with BEGiN, Amanat joins other strategic and financial investors, including LEGO Ventures, Sesame Workshop, Gymboree Play & Music, 3One4 Capital, Trustbridge Partners, and Interlock Partners.

This investment will boost Amanat's industry expertise and network to help promote growth in MENA and achieve the company's objective to invest in growing education and healthcare technology players.

The CEO of Amanat, Mohamad Hamade, commented: "We are looking at opportunities that are changing the provision of conventional academia and healthcare and we believe there is potential for further acquisitions of this nature down the line."

Meanwhile, the CEO and Co-Founder of BEGiN, Neal Shenoy, said: "BEGiN is partnering with the largest, most recognized brands in international children’s education, entertainment, and technology to reimagine the early learning journey starting with parents and children at home."