Najm CapitalNajm Fund I + Co-InvestGCC growth equity, infrastructure, and strategic buyouts · Q1 2026 reporting
3
K. Al Rashidi · Director
KR
All positions
Alef Education
On thesisEdTech & AI Learning·AI & Data Platforms·Growth Equity·Invested 2023·7% stake
Position
Mark1.38x
Gross IRR19%
Invested$65M
LatestNo recent touchpoints recorded.
Next board:2026-05-08
Ownership + team
7% stake · 1 observer seat1.0x liquidation preference
UAE AI-driven edtech · 1.38x mark · government school contracts expanding · adaptive learning platform adopted across 300+ UAE public schools
Ask about Alef Education · pulls from SharePoint memos + Snowflake fund DB + firm memory
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Financial profileLatest as of 2026-03-31
ARR$112M+42% YoY · government + B2C subscriptions
MOIC1.38x$0.6B entry → $0.83B mark
Students on platform700k+UAE public + private schools
Gross margin71%SaaS-like platform economics
Three-way benchmark
ARRmeasured in $M
Actual
Thesis target
VCP plan
Peer median
Performance update
ARR $112M · +42% YoY · new UAE Ministry contract extension signed through 2031
KSA Ministry of Education MOU signed Q4 2025 · 200 school pilot targeting Q3 2026
B2C parent subscription app launched · 85k paying subscribers in 6 months
EBITDA turned positive Q3 2025 · ahead of plan by two quarters