Middle Eastern private equity firm Foursan Group has acquired a 49 per cent stake in Jo Academy, an online private tutoring platform based in Jordan.
Jo Academy established its preeminent reputation by offering online supplementary courses (pre- recorded and live) to Grade 12 students enrolled in the Jordanian national program (Tawjihi). The company recently expanded its offering to service G6-11 students (national and international streams) as well as university students. In September 2021, Jo Academy celebrated servicing over 1 million students.
This is the third investment by Foursan via its latest fund following its acquisitions of Polymedic, a leading generic pharmaceuticals manufacturer in Morocco, and Sands National Academy, one of the largest K-12 schools in Jordan.
