The Bahrain-born startup Unipal has secured a US$500,000 follow-on investment from Tenmou and Flat6labs, with participation from GTS and angel investors.
The goal of the investment round is to expedite the startup’s launch in Saudi Arabia.
Unipal startup was launched in 2020 to offer an online education application, providing special offers and discounts to university students on a variety of products.
Unipal has captured 74 per cent of the student population in Bahrain among its user base.
Unipal’s CEO & Co-founder, Ali Alalawi, said: “This funding round is a testament to the potential for growth in Saudi.
“We’re excited to take on the challenge of expanding into Riyadh, and ultimately across the country and beyond. We’re confident we can create something truly special that will benefit businesses and students across the region,” Alalawi added.
Unipal‘s success in Bahrain has been driven by its innovative platform, where brands get direct access to students and offer exclusive discounts on the App. The startup’s unique approach has been well-received by students and businesses alike, and it is hoped that this success will be replicated in Saudi Arabia.
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