Wa'ed Ventures Leads $5 Million Funding Round in Saudi EdTech and Rehabilitation Company Ynmo, with Participation from Qatar Development Bank and Nour Nouf Investment

Riyadh, Kingdom of Saudi Arabia – November 7, 2024 – Wa'ed Ventures, the $500 million venture capital fund wholly owned by Aramco, announced leading a $5 million investment round in the Saudi company “Ynmo,” specialized in providing educational and rehabilitative technological solutions for children, including children with disabilities. The round also included participation from Qatar Development Bank and Nour Nouf Investment, which focuses on investing in impact-driven startups.
Ynmo plans to leverage this investment to expand the scope of its services and add new features aimed at improving services provided to children with disabilities and increasing their access to these services in early childhood. The company also seeks to strengthen its partnerships with government entities and educational and rehabilitation institutions across the Gulf countries and the wider region.

Ynmo was founded in 2017 by Dr. Fahad Al-Nemary, Dr. Abdullah Murad, and Dr. Faisal Al-Nemary to provide an integrated environment for organizing services delivered to children with disabilities and their families. Ynmo empowers specialists to develop advanced rehabilitation and educational programs powered by artificial intelligence technologies, while also providing parents with access to support services and consultations through a broad network of specialists in behavioral therapy, speech-language therapy, and psychotherapy. Eng. Anas Algahtani, Acting CEO of Wa'ed Ventures, said: “Ynmo is a strong example of an impact-driven platform leveraging technological advancement to enable access to high-quality education.
We are excited to collaborate with the team and drive tangible change in the region by fostering an inclusive learning environment for students with unique needs.”
Mr. Mohammed Abdulsalam Al-Emadi, Acting Executive Director of Investment and Business Incubation at Qatar Development Bank, said: “We believe technology plays a powerful role in improving access to educational content and enhancing the learning experience for the target groups of this product. Our support for this sector aligns fundamentally with the clusters and sectors targeted in the Third National Development Strategy of the State of Qatar 2024–2030, and our investment in ‘Ynmo’ aligns with Qatar Development Bank's goals to support innovation and expansion in the State of Qatar and establish a hub for the company's operations in Qatar.”
Managing Board Member of Nour Nouf Investment, HRH Prince Salman bin Faisal bin Abdullah Al Saud, said: “Investing in ‘Ynmo’ is an investment in a brighter and more inclusive future for students with special needs. Their solution is a game-changer in how we think about educational support and accessibility, and I am excited to support their mission of creating equitable learning environments across the region.”
Dr. Fahad Al-Nemary, Co-founder and CEO of ‘Ynmo,’ said: “We are deeply grateful for the support of our investors and partners who have helped amplify our impact since day one. This funding will accelerate our mission to improve services provided to children with disabilities. Together, we are committed to creating a future where every child, regardless of ability, has the opportunity to benefit from comprehensive education and rehabilitation.”

Originally published in Arabic. This English version was produced with AI-assisted translation; the Arabic original remains the reference.