Edtech startup AlGooru raises USD 4 mn in pre-series A round

Private tutoring platform AlGooru closed a USD 4 mn pre-series A round led by Singapore-based VC Constructor Capital, Wamda reports. The round — which includes a mix of debt and equity financing — also saw participation from Abu Dhabi’s Hub71, angel investors, and family offices. The company had previously raised USD 1.8 mn in a seed funding round back in 2022.

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Use of funds: AlGooru will deploy the fresh funds towards expanding its offline tutoring segment, boost AI-driven tools, and branch out into new verticals via partnerships set to be announced next year. Funding from the round will also go towards recruiting talents in the edtech space.

Meet AlGooru: Established in 2021, the Riyadh-based edtech startup matches students with private tutors for both in-person and online tutoring sessions across 20 subjects. The platform, which is accredited by the National Center for E-Learning, has delivered upwards of 50k sessions with a 98% customer satisfaction rate, as per its website. Apart from Riyadh, AlGooru also operates in Jeddah, Beirut, and Damascus, according to its Linkedin profile.

What they said: “We are excited to deepen our reach in the region, utilising this funding to build a platform that makes high-quality education accessible, safe, and impactful,” AlGooru co-founder and COO Omer Awad (LinkedIn) said.

IN OTHER STARTUP NEWS-

Homegrown startups locked in a total USD 94 mn in funding across 23 transactions in November, up from USD 50 mn in October, according to data compiled by Wamda. This placed the Kingdom second in the region in terms of startup funding, trailing the UAE’s hefty USD 146 mn sum from 11 transactions. Egypt came in third with eight startups raising a total of USD 16 mn over the same period.

Zooming out: MENA startups raked in a total of USD 258 mn across 46 transactions in November, marking a 92% m-o-m hike. Performance dipped y-o-y however, with total financing down 196%, or 32% when excluding debt.