Scalers, online competency-based learning, and placement company has raised SR2 million ($533,000) in a seed round funded by angel investors from both the recruitment and talent development world. Founded last year by Mohammed Alsaeed and Faysal Alghethber, the company is working to bridge the gap between traditional education and the skills required by employers.

Scalers provide a one-stop-shop for Saudi talents to enter the job market. With just one application, they get the opportunity to learn and practice with market leaders, expand their network, and accelerate the hiring process through direct access to preselected employers. Participants pay the full amount of the program only if they accept a job.

Co-founder and CEO Alsaeed said: “We’re thrilled to have our advisers and angels investing in the team and mission. There is a large market opportunity, as over 300,000 Saudis graduate each year, yet with double-digit unemployment rates,  many are in need of additional market-based training that will help them fill the millions of Saudi private sector jobs expected to be created through Vision 2030. Competency-based learning, which has been growing 18 percent annually, can help fill this gap. We’re on a mission to ensure that young talents are ready for their dream jobs.”

Source Credit: Arab News