Noon Academy Raises $8.6 Million Series A to Grow Online Learning Platform
HIGH NOON: Noon Academy, a Riyadh, Saudia Arabia-based online learning platform for live classes, has raised $8.6 million in a Series A round led by Raed Ventures and Saudi Technology Ventures. Also joining are Alisamiah Investment, Saudi Venture Capital Co., and individual investors including Careem co-founder Abdulla Elyas; Dr. Abdulrahman Aljadhai, CEO of Elm, and Mazen Aljubair.
Elyas, Raed Ventures’ Omar Almajdouie and STV’s Hani Enaya will join Noon Academy’s board as part of the deal, according to a prepared statement.
Founded in 2013, Noon Academy started as a test-prep website that is now a freemium business. It claims to have served two million students and 1,500 certified tutors to date. Noon employs over 90 people.