AlGooru, a Saudi-based edtech startup that provides students with private tutors on an on-demand basis, raised $1.8 million in a seed funding round with participation from Saudi venture capital firms, RAZ Group, RZM Investments, 100 Ventures, and RAY Investments.

According to the company, the fresh capital will be used for widening their network of A-class partners as well as expanding further in the Kingdom.

Founded in 2021, AlGooru is a tutoring network marketplace that connects students with qualified tutors on a mobile app. Students can find reliable tutors, and tutors can manage their sessions/price their own rates.

According to the EVM H1 2022 Venture Investment Reports released by MAGNiTT, the EdTech sector in the MENA region has relatively paced after an almost 50% growth of capital investment in the sector between 2019 and 2021 and peaking in Q4 21.

The reports show that the EdTech space in the MENA region has been closing a steady number of transactions and has already leveled up with the number of deals recorded in Q1 of this year in just two months of Q2. The sector has been observing an increasing number of deals being closed in early-stage with sizable funds going into Pre-seed and seed stages.

Notable early-stage rounds closed this year include UAE-based ‘Learn to Earn’ marketplace Qureos’ $3M Pre-see round, E-learning Platform for Crypto and Blockchain Coinmarketpedia’s $2M SEED round, and Egypt-based Sprints’ $1.2M seed round.