Unipal has successfully closed its pre-Series A funding round. The investment in the GCC youth benefits platform was led by Plus VC, with contributions from Al Jazira Capital, RZM Investments, Falak Angels, Doha Tech Angels, and others.
Founded in Bahrain in 2020, Unipal has grown into the go-to platform for student discounts and exclusive offers. It connects brands with the youth market through a personalised digital experience. In Bahrain, 98% of students are registered on Unipal, and since expanding to Riyadh the company has amassed 250,000 users and partnered with 700 brands.
The newly-secured funding will fuel Unipal’s strategic expansion within Saudi Arabia, with plans to launch in Jeddah, Madinah, Dammam and Khobar later this year. Additionally, Unipal is set to unveil an upgraded app featuring advanced algorithms designed to provide a tailored ‘Netflix-like’ experience for users.
Gulf Economist Staff Writer