Saudi Arabia-based edtech Noon has raised a $41 million Series B funding round co-led by Wa’ed Ventures and Raed Ventures, with participation from STV, SVC, Riyadh Valley Company (a subsidiary of King Saud University), Endeavor, Sanabil 500, Qyem Development Holding, and Nahlat Alarab Holding among other investors, according to a news release.
Founded in 2013 by Mohammed Aldhalaan and Abdulaziz Alsaeed, Noon is a peer to peer social learning app for students across MENA and Pakistan. Its platform has been used by 12+ million students and 100k teachers across 8 countries.
Noon will use the funding to enhance its AI-powered solutions to offer personalised learning experiences and fuel its global expansion within the next two to three years.
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