Noon Academy
ActiveA peer-to-peer social-learning app that lets students take live, gamified group classes and prepare for exams together with friends and teachers.
Noon Academy is a Riyadh-founded social-learning edtech platform connecting students with peers and teachers for live, gamified group classes and exam preparation across MENA and South Asia. Founded in 2013 by Mohammed Aldhalaan and Dr. Abdulaziz AlSaeed, it has grown into one of the region's leading edtech platforms, serving well over 10 million learners across Saudi Arabia, Egypt, Pakistan and other markets.
Founders
Funding Rounds
Lead: Wa'ed Ventures and Raed Ventures (co-lead)
Investors: Wa'ed Ventures, Raed Ventures, STV, SVC, Riyadh Valley Company, Endeavor, Sanabil 500, Qyem Development Holding, Nahlat Alarab Holding
Investors: Wa'ed Ventures, Raed Ventures, STV, SVC, Riyadh Valley Company, Endeavor, Sanabil 500, Qyem Development Holding, Nahlat Alarab Holding.
Lead: STV
Investors: STV, Alturki Holding, NFX Ventures, Raed Ventures
Labelled 'Pre-Series B' by the company; recorded as bridge since the schema has no pre_series_b. Initial target was $5M, closed at $13M (The National). Also: https://www.thenationalnews.com/business/saudi-arabia-s-noon-academy-raises-13m-in-funding-round-led-by-stv-1.1037261 https://www.menabytes.com/noon-academy-pre-series-b/ https://magnitt.com/news/noon-academy-raises-13m-in-pre-b-funding-led-by-stv-51927 Confidence: confirmed (round 13, Wamda).
Lead: Raed Ventures and STV (co-lead)
Investors: Raed Ventures, STV, Alisamiah Investment, Saudi Venture Capital Company (SVC), Abdulla Elyas, Abdulrahman Aljadhai, Mazen Aljubair
STV states SAR 32.2M ($8.6M). Largest MENA edtech round at the time. Also: https://raed.vc/news/raed-ventures-invested-in-noon-academy/ https://www.wamda.com/2019/06/noon-academy-raises-8-6-million https://www.menabytes.com/noon-academy-series-a/ Confidence: confirmed (round 13, STV).
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