Edtech platform AlGooru raises $4mn pre-series A round

NOHA.GAD

Dec 9, 2024

Saudi edtech platform AlGooru raised $4 million in a pre-series A round that included a mix of debt and equity financing

Riyadh - Sharikat Mubasher: The Saudi-based education technology (edtech) platform AlGooru successfully secured $4 million in a pre-series A round led by Constructor Capital, with participation from Hub71 and several angel investors and family offices.

This investment, which included a mix of debt and equity financing, will help AlGooru expand its operations in the Kingdom, develop AI-powered technologies, and enter new sectors by forging strategic partnerships by 2025, the company announced in a press release.

The platform targets driving regional growth and reshaping the private tutoring landscape in Saudi Arabia and beyond.

Muhanad AlJaser, Co-founder of AlGooru, stated that the funding will enable the company to expand its partnerships to support students at all levels and help them build a robust academic foundation.

He affirmed AlGooru’s commitment to redefining the way students in Saudi Arabia access high-quality education by connecting them with qualified tutors easily.

AlGooru’s mission is to easily match-make students and tutors, creating a community of dedicated professionals and enthusiastic learners to benefit from shared experiences. To date, it has recruited more than 450 vetted private tutors, covering more than 210 academic and non-academic teaching subjects.

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Riyadh - Sharikat Mubasher: Nabt, the Saudi agriculture technology company modernizing the fresh-produce ecosystem, secured $3.4 million in a seed extension round, bringing its total funding to $5 million.The fund, finalized and announced during the annual Sunbolah program, was led by SHG Group and saw participation from Merak Capital and several distinguished angel investors, the company announced in a statement today.The signing ceremony was attended by Abdullah Alotaibi, CEO of Nabt; Ohman AlHokail, Co-founder and Managing Partner of Merak Capital; and Mohammed Al-Garafi, CEO of SHG Group.Nabt will use the new capital to accelerate its expansion into additional Saudi cities, broaden its fresh-produce portfolio, grow its nationwide customer network, and advance its operational infrastructure, thereby increasing market access for farmers across the Kingdom.Alotaibi affirmed that the investment will enable Nabt to develop a model that not only serves the Kingdom but sets a benchmark for the wider region and global markets. “In just two years, Nabt has proven that building transparent and efficient infrastructure for fresh produce is not only possible, but essential. Our vision aligns with Saudi Arabia’s Vision 2030 - empowering farmers, strengthening food security, and building lasting infrastructure for sustainable agriculture,” he added.For his part, Al Garafi commented: “Our support for Nabt reflects our belief that local innovation is the cornerstone of building sustainable and globally competitive sectors, and that Saudi entrepreneurs have the ability to turn ambition into reality.”Nabt is building the physical and digital infrastructure for Saudi Arabia’s fresh-produce sector, enabling farmers to improve profitability, helping businesses secure consistent high-quality supply, and advancing the Kingdom’s food security.It grows a network of fulfillment centers across Saudi Arabia designed for fresh-produce sorting, grading, packaging, cold storage, and temperature-controlled logistics, with operations in Riyadh and new hubs rolling out in other major cities.

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