E-commerce platform noon has raised $500 million in funding, backed by Saudi Arabia's Public Investment Fund, as it prepares for a potential IPO.
Amount Raised
$500 Million
Round Type
Venture
RiyadhE CommerceGroceryMarketplaceRetailInvestors
Description
Noon, the Saudi-UAE e-commerce group co-founded by Mohamed Alabbar, has raised $500 million in new funding as it prepares for a potential initial public offering (IPO). The financing round includes backing from Saudi Arabia’s Public Investment Fund and participation from noon’s founder and chairman. This funding comes amid intensifying competition in the Gulf’s digital commerce sector.
Quick answer
noon raised $500 Million in a funding round, dated December 15, 2025. Investors: Mohamed Alabbar and Saudi Arabia’s Public Investment Fund. noon is based in Riyadh, Riyadh Region, Saudi Arabia.
- How much did noon raise?
- noon raised $500 Million in a funding round on December 15, 2025.
- Who invested in noon?
- Mohamed Alabbar and Saudi Arabia’s Public Investment Fund are named as investors in this round.
- What does noon do?
- noon is a Saudi-UAE e-commerce group co-founded by Mohamed Alabbar, operating an online marketplace alongside food delivery and grocery services.
- Where is noon based and how big is it?
- noon is based in Riyadh, Riyadh Region, Saudi Arabia. Fundz records about 8,600 employees.
- Who are the decision-makers at noon?
- Fundz holds 3 contacts at noon, including the Group Head of People. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in E Commerce and Grocery around the same time
Companies in the same sectors as noon that raised within 45 days of this round, from Fundz verified event records.
- IPF raised $375K (Seed) on December 15, 2025.
- PublicSquare raised $10K on November 26, 2025.
- HomeCooks raised $1.9M (Seed) on January 29, 2026.
- Credit Key raised $90M (Funding Round) on January 23, 2026.
- Rezolve AI raised $250M (Funding Round) on January 22, 2026.
- Doushesh raised an undisclosed amount (Pre-Seed) on January 7, 2026.
Who to call at noon, and when
A new round usually means noon is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day noon raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at noon, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at noon. With Fundz connected, it knows.
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Fundz sees it the moment noon raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
noon raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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