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Saturday, June 3, 2023

Edtech startup AlGooru secures $1.8M to expand further in Saudi

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Kingdom of Saudi Arabia-based edtech startup AlGooru has secured $1.8 million in a seed funding round. The company will use the money by expanding its offerings as well as growing further in Saudi Arabia.

AlGooru, a Saudi edtech business, secured $1.8 million in initial investment from Saudi venture capital companies RAZ Group, RZM Investments, 100 Ventures, and RAY Investments. The firm offers a learning platform that allows students to effortlessly connect with a pool of private teachers.

Founding member and head of product, Omer Awad, stated, “Our staff is rapidly expanding, and we understand what the market wants and how we can profit from it owing to the wealth of data we’ve accumulated.”

The firm, which was founded in 2021, intends to use the money to broaden its offers and expand further in the Kingdom of Saudi Arabia.

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