IM Capital Exits from its Investment in Ostaz by Synkers
We are proud to share the great news that Ostaz has been acquired by Inspired Education Group, a leading global premium schools group educating over 50,000 students across an international network of schools.
Founded in Lebanon in 2017 as Synkers, by Audrey Nakad, Zeina Sultani and Sibylle Nakad, Ostaz connects students with the most relevant, trusted, and qualified private tutors to help them complete their learning goals and support them throughout their academic path.
The successful journey of Ostaz started in Lebanon when the team joined Speed@BDD, a startup accelerator funded by IM Capital, and Confideo VM, a Mentorship Program launched and managed by IM Capital.
By September 2020, the Lebanese-based startup had already acquired over 35,000 learners and 1,000 tutors and successfully raised a $1.8M Pre-Series A funding round from multiple investors including Seeders-LWAF 2018, a Business Angels group managed by IM Capital.
Ostaz has so far concentrated its efforts in the Middle East and North Africa (MENA) region, where it has partnered with leading educational institutions and will now seek to expand globally through its recent acquisition by Inspired.
“We are excited that Inspired is now our partner and will invest in the future of Ostaz”, said Audrey Nakad, Co-founder & CEO of Ostaz. “However, this would not have been possible without the support of our investors who believed in us from the start and offered us their full support amidst the most critical circumstances. I would like to thank each one of them not only for their funds but also for their guidance and patience.”

