Unipal raises seed investment

Posted on May 29, 2020

50 seconds to read

Wamda released: 

Bahrain-based Unipal has raised an undisclosed amount of seed funding from angel investor network Tenmou, as part of the fundraising round by Flat6Labs Bahrain. Unipal is one of 28 startups that graduated from Flat6Labs earlier in May with a $32,000 seed investment.

Founded in 2019, Unipal provides university students access to tailored discounts and promotions through a digital identification. The company plans to use the newly raised funds to build their app and grow their team.

 “As Tenmou shares Unipal’s understanding of the essential need for an established student-centric platform in the region, their support will help us in moving forward to making Unipal the best student offering platform,” said Ali Al-Alawi, co-founder and CEO of Unipal.

Nawaf Al-Koheji, CEO of Tenmou said: “We are excited about what the next months hold for Unipal, they have been actively and innovatively navigating the market during this testing time and that’s what made the young founders standout for us.”

Check the full article by Dunya Hassanein on Wamda's website!