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Saudi-based EdTech and online tutoring platform AlGooru raises $600K Pre-Seed in its latest funding round. The Pre-Seed round was led by Nawa International, Oqal Angel Network, and Techstars following AlGooru’s latest acceptance into the Riyadh Techstars Accelerator in partnership with Raed Ventures.
Founded in 2018, AlGooru has set forth to build an online platform that seamlessly connects students with qualified on-demand private tutors. Through the platform, students can book online or in-person sessions with vetted and specialized tutors offering a variety of academic and non-academic subjects. The startup’s value proposition is not only rooted in its extensive network of professional educators, but also in its user-friendly UX that allows students to find and book their perfect match in 3simplified steps.
Given the remote and hybrid lifestyles adopted globally due to the pandemic, EdTech ecosystems in Emerging Venture Markets have been observing growing investor traction. This feat could be spotted in Saudi Arabia, where VC funding backing EdTech ventures grew by 30% YoY in 2020, with Aaanab and Noon Academy raising major EdTech rounds in 2020. Despite raising 70% fewer funds in 2021YTD compared to full-year 2020, 7 startups including Jeel Platform, Testahel, Scalers, and most recently AlGooru have raised early-stage rounds in 2021 foreshadowing a solid future for EdTech in MENA.
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AlGooru has been highly active in the ecosystem, participating in multiple local and regional programs including Taqadam, Plug & Play by MiSK, Unifonic X, and Monsha’at. Sami AlHusayyen, from Nawa Co, said, “The EdTech industry is promising to solve challenges existing in our region’s education by providing quality teaching materials to everyone regardless of their geographical location or financial capabilities. It also provides the solution to lifelong learning in a fast-changing work environment. Nawa is happy to support AlGooru in developing its innovative solution to connect students with qualified tutors, serving a growing market and demand in digital transformation that is accelerating very fast nowadays.”
AlGooru strives to continue delivering state-of-the-art learning and teaching experiences to its users. The startup will be utilizing the funds to improve its technology, market its product, and intensively recruit tutors from various fields and backgrounds, all of which fall under the company’s vision to offer a holistic one-stop solution for private tutoring in the GCC in the coming years. “We want to make it seamless for qualified tutors to be found and, more importantly, assure reliable tutoring is delivered in our region. We’ve hired pioneers from the Ed-Tech ecosystem following our investment round to help us build an impactful business, and we’re just getting started.” said Khalid Abou Kassem, founder of AlGooru.
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