IoT Kids Secures Equity Investment From Earthlink Telecommunications
IoT Kids, an Iraqi-based online programming learning platform for children, has successfully secured a five-figure investment from leading ISP provider in Iraq; Earthlink Telecommunications. The investment was facilitated through Iraqi Angel Investors Network member Dr Alaa Jasim. This investment included a matching grant of $20,000 from the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH via its project “ICT for Youth in Iraq” as part of the organization’s support to the Angel Network.
IoT Kids was founded in 2015 by Mohammad Khaled and Ali Taher to provide programming courses for schools across the country. The company has launched its online platform in 2019 to provide its users with digital versions of its courses. The company boasts a digital community of more than 200,000 users and more than 10,000 students have completed its courses.
We are very excited to have Earthlink as part of our journey. The funding will help us expand our online platform, marketing efforts and in due course expand outside of Iraq to other countries in the region.
Ali Taher, the COO of IoT Kids
Earthlink Telecommunications is the largest and fastest-growing Internet Service Provider in Iraq and its portfolio of services includes ICT solutions, data centers, and managed services catering to the needs of the public and private sectors.
Earthlink’s commitment to building strong internet infrastructure in Iraq derives from its vision to be the technology driver of Iraq’s future, and we already come a long way evolving from an internet service provider to an internet economy enabler. Our investment into IoT Kids echoes our strategy and we see a great potential in IoT Kids vision to raise a new tech enabled-generation.
Dr. Alaa Jasim, the Deputy CEO of Earthlink Telecommunications
IoT Kids has won multiple local and international competitions including the Falling Walls Foundation in Germany, the World Summit Awards, and first place awards as an Iraqi startup for Seedstars in 2019. IoT Kids has recently graduated from the Takween Accelerator Program; a Yanhad project implemented by the American University of Sulaymaniyah.
We are very happy to see locally established businesses play an increasing role in supporting the private sector through actively investing into the local Iraqi ecosystem.
Ali Al Suhail, Network Manager of the Iraqi Angel Investors Network
About IoT Kids: IoT Kids is an online learning platform for children between ages 5 to 15 years that focuses on coding-related content. The company also offers online and in-person classes. Its educational content covers a wide range of subjects including Game Design, Robotics, Electronics, Artificial Intelligence, Machine Learning, and 3D Modelling.
About Earthlink: Earthlink Telecommunications started in 2005 as an Internet service provider. Within just a few years, Earthlink has become the largest Internet service provider in Iraq. They serve every city and town in the country, as well as several major cities around the world. Earthlink also provides ICT solutions, data centre services, and much more.
