# Nun Education Holding

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nun-education-holding

- Industry: Education/Training
- Headquarters: Abu Dhabi, United Arab Emirates
- Website: www.noonacademy.com
- Total disclosed funding: $63M
- Latest round: Series B (Nov 2, 2023)
- Investors on record: 11

## About

Noon Education Holding Limited, based in the UAE, is an educational technology company that provides a social learning platform facilitating collaborative study among students and empowering teachers.Founded in 2013 in Abu Dhabi, United Arab Emirates, Noon Education Holding Limited operates a social learning platform designed to enhance educational experiences. The company has attracted attention through its three investment rounds, with the most recent funding being a Series B round on November 2, 2023, raising USD 41.00 mn from investors including 500 Global, Endeavor Catalyst, and others. The company's founders are Akos Solymosi and Mohammed Aldhalaan, who both serve as co-CEOs.Noon Academy primarily offers a social learning platform designed to facilitate group learning among students and empower teachers. The platform enables users to engage with top educators and fellow students through interactive features such as live Q&A sessions and collaborative study groups. This approach aims to enhance understanding of essential concepts while fostering a community of learners. The services are especially beneficial for high school and college students who are preparing for examinations and looking for innovative ways to grasp complex subjects. Noon Academy operates in several countries, serving a diverse client base that includes 14 million students and 100,000 teachers across five distinct markets, providing access to personalized educational support and resources.The revenue model of Noon Academy is structured primarily around subscription-based services that provide users with access to various educational resources and features. Customers typically subscribe to different plans that offer varying levels of access to premium content, live sessions, and specialized study tools. This direct-to-consumer approach allows students to engage with the platform on an ongoing basis, while also enabling teachers to monetize their expertise through the platform. Revenue is generated through these subscription tiers, which may include features like group study sessions and interactive learning materials. The company focuses on creating value through its educational offerings, ensuring that both students and teachers benefit from an engaging learning environment.In November 2023, Noon Education Holding Limited raised USD 41.00 mn in Series B funding co-led by new investors Wa'ed Ventures and Raed Ventures, among others. The company intends to utilize this funding to further enhance its platform and expand its market reach in the coming years. Plans include launching upcoming new products aimed at enriching the educational experience and targeting expansion into new geographic markets, although specific regions and product details have not yet been disclosed.

## Funding rounds

- Series B, Nov 2, 2023, $41M — 500 Global, Endeavor Catalyst, Riyadh Valley Company, RAED Ventures, Saudi Aramco Entrepreneurship Ventures, STV
- Series A, Jun 21, 2020, $13M — Khalid Ali Alturki & Sons Holding, NFX, RAED Ventures, STV, Alisamiah Investment, Outliers Venture Capital
- Series A, Jun 27, 2019, $8.6M — Credit Suisse Entrepreneur Capital, RAED Ventures, STV, Alisamiah Investment

## Investors

- Credit Suisse Entrepreneur Capital (https://capitalatlas.ai/funds/credit-suisse-entrepreneur-capital) — Series A
- RAED Ventures (https://capitalatlas.ai/funds/raed-ventures) — Series A, Series B
- STV (https://capitalatlas.ai/funds/stv) — Series A, Series B
- Alisamiah Investment — Series A
- Khalid Ali Alturki & Sons Holding (https://capitalatlas.ai/funds/khalid-ali-alturki-sons-holding) — Series A
- NFX (https://capitalatlas.ai/funds/nfx) — Series A
- Outliers Venture Capital (https://capitalatlas.ai/funds/outliers-venture-capital) — Series A
- 500 Global (https://capitalatlas.ai/funds/500-global) — Series B
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series B
- Riyadh Valley Company (https://capitalatlas.ai/funds/riyadh-valley-company) — Series B
- Saudi Aramco Entrepreneurship Ventures (https://capitalatlas.ai/funds/saudi-aramco-entrepreneurship-ventures) — Series B