ⓘ Featured image: Co-founders of Noon Academy: Aziz Alsaeed (L) and Mohammed Aldhalaan (R)
Riyadh, Saudi Arabia-based edtech startup Noon Academy today announced that the company has raised $13 million in a Pre-Series B round in a wake of COVID-19 crisis during which the whole education paradigm has shifted online. The funding came from STV which as an existing investor and led the Series A round of $8.6 Noon Academy last year.
Noon Academy was founded in 2013 by Mohammed Aldhalaan and Abdulaziz Alsaeed. The company in a statement revealed that it has accumulated another 3 million students on its platform since the Coronavirus outbreak – doubling its registered uses.
Mohammed Aldhalaan, CEO of Noon Academy said,
“We’re aiming to bring together 50m students and tutors from around the world by 2023,”
The company serves the students across Saudi Arabia, Egypt, India and Pakistan, and plans to open a hub in London.