Saudi EdTech Platform AlGooru Raises $1.8 Million in Seed Funding
Founded in 2021 by Khalid Abou Kassem, the online platform connects college students with a pool of on-demand private tutors, further facilitating their learning with ease and convenience.
Saudi-based edtech startup AlGooru raised $1.8 million in seed funding with participation from RAZ Group, RZM Investment, 100 Ventures, RAY Investment, and angels from Oqal Angel Investors.
Founded in 2021 by Khalid Abou Kassem, the online platform connects college students with a pool of on-demand private tutors, further facilitating their learning with ease and convenience.
The edtech sector has been growing rapidly in the MENA region, particularly during the pandemic when schools were forced to close their doors. During the past five years, the edtech sector received a total of $70.36 million across 80 funding rounds in the region, according to MENA EdTech Report 2022 by Investera. In addition, 2021 was the most funded year in terms of value, receiving a total of $47.04 million across 19 deals.
Some of the top edtech funding rounds in the MENA region include Saudi’s Noon Academy raising $13 million in a pre-series B funding found; Lebanon-based Synkers raising $1.8 million in pre-series A funding, and Saudi-based IR4Lab raising $1.5 million seed funding, according to Magnitt. The funding momentum is expected to continue throughout 2022 with the region’s accelerated shift towards digital education.
“While edtech is lucrative, it's still an unattractive industry for many in our ecosystem,” Khalid Abou Kassem, founder of AlGooru, tells StartupScene. “Deal numbers can justify this. But we’re changing that. All while building a solution that will modernize and upgrade how complementary education is delivered in our region, one step at a time.”
AlGooru aims to connect with a wider network of partners that will allow the exchange of best practice knowledge to improve. The platform targets an A-class team of talents that is focused on changing the game for private tutoring. “Technology is the future, and adapting to the constant high-tech novelty will transform education,” Omer Awad, founding member and head of product, tells StartupScene. “Our team is rapidly expanding and through the wealth of data that we’ve accumulated, we know what the market needs and how we can capitalize on it.”
The funding will allow AlGooru to further expand its growth in the edtech sector and increase its scope of services.
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