Tenmou has officially invested an undisclosed amount in Unipal as part of a fundraising round mediated by the accelerator programme Flat6Labs Bahrain for its 4th Cycle. The signing ceremony was held virtually on the 10th of May.
Ryaan Sharif, Managing Director of Flat6Labs Bahrain said: “Our strategic partnership with Tenmou has given our startups priority in being assessed for follow-on investments and has enabled us to further showcase our portfolio of companies. This is the third time Tenmou has invested in one of our startups, and we look forward to celebrating more.”
Nawaf Al Kooheji, CEO of Tenmou said: “We’re 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. Our relationship with Flat6labs has helped in connecting us with higher potential startups and is increasingly becoming our main source of pipeline and we look forward to more success stories in the future.”
Ali Al Alawi, Co-Founder and CEO of Unipal, said: “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.”
Unipal is an online platform that provides students with exclusive discounts and offers using a unique Digital ID. It was founded by Ali AlAawi & Ali Al Shaer, both Bahraini graduates from UK universities. The platform is built for the everyday lifestyle of a student, which goes beyond academics and discounts as it aims to be the stepping stone for a complete communal support system for the under-served students in the MENA region. The application operates on a subscription fee for merchants and a freemium membership model for the students. They also charge educational institutions for fully branding the Digital ID.
The ongoing crisis has placed the Healthcare sector under a microscope unlike ever before. Learn all about the industry’s funding and investment trends in our 2019 MENA Healthcare Venture Investment Report.