About EdTech sector in Saudi Arabia
The EdTech sector in Saudi Arabia comprises 217 companies, including 27 funded companies having collectively raised $93M in venture capital money and private equity. Out of these, 7 are Series A+ funded.
EdTech sector in Saudi Arabia has seen 2 acquisitions and 2 IPOs.
This sector includes companies that provide technology based education industry solutions to both consumers and businesses.
EdTech sector is also known as Education IT, Online Education or Digital Education.
Companies that provide technology based solutions to students(Pre-K, K-12, Higher education and Professionals) for education. Also, companies that rovide software solutions to education related businesses are included in this sector. Companies that provide offline solutions to the education industry. Also, sports and fitness related solutions to athletes are excluded.
Top EdTech Companies in Saudi Arabia
There are 217 EdTech startups in Saudi Arabia which include AlGooru, Noon, Aanaab, Jo Academy, iStoria. Out of these, 27 startups are funded, with 7 having secured Series A+ funding.
Over the past 10 years, an average of 16 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Harvard Business School, INSEAD and Kellogg School of Management.
Here is the list of top EdTech startups in Saudi Arabia
1. AlGooru
Online platform to discover tutors for multi-disciplinary subjects. It provides tutors for various subjects including mathematics, archery, computer science, and others. Its mobile app is available for iOS and Android devices.
Key facts about AlGooru
- Founded Year: 2018
- Location: Riyadh (Saudi Arabia)
- Stage: Seed
- Total Funding till date: $6.4M
- Investors: Constructor Capital, Oqal and 8 Others
- Latest Funding Round: Conventional Debt, Dec 09, 2024, $*****
- Tracxn Score: 60/100 What is this?
- Competitors Rank: 1 of 3 Competitors
2. Noon
App-based platform offering online tutoring solutions for students. The platform allows students to join live interactive classes with gamified peer learning features, practice questions, learn in groups, and more. Its app is available for Android and iOS devices.
Key facts about Noon
- Founded Year: 2013
- Location: Riyadh (Saudi Arabia)
- Stage: Series B
- Total Funding till date: $62.6M
- Investors: Raed Ventures, STV and 16 Others
- Latest Funding Round: Series B, Nov 02, 2023, $*****
- Tracxn Score: 58/100 What is this?
- Competitors Rank: 5 of 1,532 Competitors
3. Aanaab
Key facts about Aanaab
- Founded Year: 2016
- Location: Saudi Arabia
- Stage: Series A
- Total Funding till date: $8.5M
- Investors: Rethink Capital Partners, Wamda Capital and 2 Others
- Latest Funding Round: Series A, Dec 01, 2024, $*****
- Tracxn Score: 56/100 What is this?
- Competitors Rank: 1 of 408 Competitors
4. Jo Academy
Mobile-based platform providing multi-disciplinary learning solutions. The platform offers online courses, games, learning groups, and more. Its mobile app is available for Android & iOS devices.
Key facts about Jo Academy
- Founded Year: 2013
- Location: Riyadh (Saudi Arabia)
- Stage: Seed
- Investors: Foursan and Foursan Group
- Latest Funding Round: Seed, Dec 20, 2021, $*****
- Tracxn Score: 54/100 What is this?
- Competitors Rank: 11 of 2,391 Competitors
5. iStoria
Mobile-based platform providing English language learning solutions. The platform offers word translation solutions, educational stories, progress trackers, alarm solutions, and more. Its mobile app is available for Android and iOS devices.
Key facts about iStoria
- Founded Year: 2020
- Location: Riyadh (Saudi Arabia)
- Stage: Seed
- Total Funding till date: $1.33M
- Investors: Nama Ventures, Flat6Labs and 2 Others
- Latest Funding Round: Seed, Jan 28, 2024, $*****
- Tracxn Score: 50/100 What is this?
- Competitors Rank: 17 of 2,867 Competitors
Companies founded year-on-year in the EdTech sector in Saudi Arabia
33 EdTech startups in Saudi Arabia were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2025 | - |
2024 | 6 |
2023 | 13 |
2022 | 21 |
2021 | 24 |
2020 | 33 |
2019 | 22 |
2018 | 18 |
2017 | 16 |
2016 | 7 |
Stage-wise distribution of EdTech sector companies in Saudi Arabia
Out of the total 217 EdTech companies in Saudi Arabia, 27 have secured funding. Among them, 7 have reached Series A or higher, and 5 to Series B or beyond.
Founded - 217
Funded - 27
Series A+ - 7
Series B+ - 5
Series C+ - 4
Company Stage | No. of companies |
|---|---|
Founded | 217 |
Funded | 27 |
Series A+ | 7 |
Series B+ | 5 |
Series C+ | 4 |
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Funding Trends in the EdTech sector in Saudi Arabia
Total funding year-on-year in the EdTech sector in Saudi Arabia
The EdTech sector in Saudi Arabia saw a total funding of more than $93M in the last 10 years. The most amount of funding was in 2023 at more than $41.8M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $299K |
2024 | $24M |
2023 | $41.8M |
2022 | $2.73M |
2021 | $1.1M |
2020 | $14.5M |
2019 | $8.6M |
2018 | $26.7K |
Recent Funding Rounds in EdTech in Saudi Arabia
In the year 2025, till April 2025, EdTech companies in Saudi Arabia have raised $299K in equity funding across 1 round.
In the same period last year (i.e. till March 2024), EdTech companies in Saudi Arabia had raised $6.3M across 2 rounds.
So, 2025 has seen a 95.24% drop in funding in EdTech companies in Saudi Arabia as compared to 2024.
Here are some recent, important funding rounds in EdTech companies in Saudi Arabia:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 4270 | Apr 08, 2025 | - | |
Series A | 8696 | Dec 26, 2024 | and 2 more | |
Seed | 6355 | Dec 09, 2024 | ||
Series A | 7093 | Dec 01, 2024 | ||
Seed | 8354 | Oct 14, 2024 |
Top Investors in EdTech in Saudi Arabia
SoftBank Vision Fund is the top investor in EdTech companies in Saudi Arabia based on number of companies invested.
Here are some top investors in EdTech companies in Saudi Arabia:
Investor | Location | Top Portfolio Companies |
|---|---|---|
London (United Kingdom) | - | |
Dubai (United Arab Emirates) | - | |
Riyadh (Saudi Arabia) | ||
Dhahran (Saudi Arabia) | ||
Riyadh (Saudi Arabia) |
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M&A activity in EdTech sector in Saudi Arabia
In the year 2024, till March 2024, 1 acquisition happened in EdTech sector in Saudi Arabia.
Here are some recent, important acquisitions in EdTech sector in Saudi Arabia:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Mar 14, 2024 | ||
Business Acquisition | Mar 16, 2022 |
Acquisition trends in EdTech sector in Saudi Arabia
Here are the acquisition trends in EdTech sector in Saudi Arabia:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2025 | - |
2024 | 1 |
2023 | - |
2022 | 1 |
2021 | - |
2020 | - |
2019 | - |
2018 | - |
2017 | - |
2016 | - |
Colleges which produce the most EdTech companies in Saudi Arabia
Companies founded by alumni from top colleges in the EdTech in Saudi Arabia
Most number of EdTech startups in Saudi Arabia have been founded by alumni from Harvard Business School, INSEAD and Kellogg School of Management.
College | No. of companies |
|---|---|
Harvard Business School | 1 |
INSEAD | 1 |
Kellogg School of Management | 1 |
Massachusetts Institute of Technology | 1 |
Stanford University | 1 |
University of California (Berkeley) | 1 |
University of Warwick | 1 |
University of Waterloo | 1 |
Total funding in EdTech companies founded by alumni from top colleges in Saudi Arabia
In the last 10 years, Harvard Business School, INSEAD and Kellogg School of Management graduates' EdTech companies in Saudi Arabia have raised the most funding among top colleges.
College | Total Funding |
|---|---|
Harvard Business School | $62.6M |
INSEAD | $62.6M |
Kellogg School of Management | $62.6M |
Massachusetts Institute of Technology | $62.6M |
Stanford University | $62.6M |
University of California (Berkeley) | $62.6M |
University of Warwick | - |
University of Waterloo | - |
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