About Noon
Noon is a company based in Riyadh (Saudi Arabia) founded in 2013 by Mohammed Aldhalaan and Abdulaziz Alsaeed. It operates as a EduTech. Noon has raised $62.6 million across 4 funding rounds from investors including Credit Suisse, Wa'ed Ventures and RAED Ventures. Noon offers products and services including Noon Social Learning Platform. Noon operates in a competitive market with competitors including Vedantu, GoStudent, Ruangguru, Varsity Tutors and Filo, among others.
- Headquarter Riyadh, Saudi Arabia
- Founders Mohammed Aldhalaan, Abdulaziz Alsaeed
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Sectors
Education
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Noon Academy
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$62.6 M (USD)
in 4 rounds
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Latest Funding Round
$41 M (USD), Series B
Nov 02, 2023
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Investors
Credit Suisse
& 14 more
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Employee Count
Employee Count
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Products & Services of Noon
Noon offers a comprehensive portfolio of products and services, including Noon Social Learning Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A platform for social learning with interactive features.
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Funding Insights of Noon
Noon has successfully raised a total of $62.6M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $41 million completed in November 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $41.0M
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First Round
First Round
(27 Jun 2019)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Series B - Noon | Valuation | Wa'ed Ventures , Raed Ventures | |
| May, 2022 | Amount | Series A - Noon | Valuation | 500 Global |
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| Jun, 2020 | Amount | Series A - Noon | Valuation | STV |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Noon
Noon has secured backing from 15 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Credit Suisse, Wa'ed Ventures and RAED Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Early-stage tech startups are invested in by Raed Ventures.
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Founded Year | Domain | Location | |
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Growth equity is provided for early-stage tech startups by STV.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Noon
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Noon
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Noon Comparisons
Competitors of Noon
Noon operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Vedantu, GoStudent, Ruangguru, Varsity Tutors and Filo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Live interactive K-12 tutoring platform is provided online.
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| domain | founded_year | HQ Location |
Provider of online tutoring platform for K-12 students
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| domain | founded_year | HQ Location |
Self-learning solutions are delivered via an online education platform.
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| domain | founded_year | HQ Location |
Live online tutoring and test prep platform is operated.
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| domain | founded_year | HQ Location |
On-demand one-to-one tutoring is connected between students and tutors.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Noon
Frequently Asked Questions about Noon
When was Noon founded?
Noon was founded in 2013 and raised its 1st funding round 6 years after it was founded.
Where is Noon located?
Noon is headquartered in Riyadh, Saudi Arabia.
Who is the current CEO of Noon?
Mohammed Aldhalaan is the current CEO of Noon. They have also founded this company.
Is Noon a funded company?
Noon is a funded company, having raised a total of $62.6M across 4 funding rounds to date. The company's 1st funding round was a Series A of $13M, raised on Jun 27, 2019.
What does Noon do?
A social learning environment is facilitated by Noon Academy, connecting students and teachers globally. Interactive features and group learning are emphasized to enhance education. The platform supports exam preparation and concept mastery across multiple countries. Solutions are offered through mobile and web applications for accessible learning.
What products or services does Noon offer?
Noon offers Noon Social Learning Platform.
Who are Noon's investors?
Noon has 15 investors. Key investors include Credit Suisse, Wa'ed Ventures, RAED Ventures, STV, and Riyadh Valley Company.
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