Unipal, a Bahraini edtech company, raised $500,000 GTS Alive, a European student platform, and other Angel investors joined Flat6labs and Tenmou, which increased their initial funding.
The business hopes to expand to Saudi Arabia with the latest cash. Since 2020, Unipal has recruited 74% of Bahraini students.
Ali Alalawi, Unipal’s CEO and co-founder, said, “This funding round is a testament to Saudi Arabia’s growth potential. We’re delighted to grow in Riyadh, across the country, and beyond. We’re convinced we can produce something remarkable that will benefit regional businesses and students.”
The firm anticipates its next investment round in early 2024 to continue its regional expansion. Unipal might become the largest student platform in the Middle East and worldwide with investor support.
Read also: KASO secures $10.5 Million, launches FB Fintech Vertical
About Unipal
Ali Alalawi and Ali Al Shaer started Unipal. It is an online learning platform that gives university students special services and discounts on a wide range of goods. Students can use it to look for colleges and grants and apply to them. Unipal’s success in Bahrain can be traced back to its cutting-edge technology, which gives businesses direct access to students and lets them offer deals to students through the App. The app also lets vendors change their profiles, look at their transactions, and check the state of their students in real time.
Edtech in Bahrain
Education technology, or edtech, has become an important way to teach and learn all over the world. But the edtech trend around the world has been a bit uneven in some less-developed countries. It is hard to put into action because there isn’t enough equipment and money.
Still, the rise in investments in edtech over time shows that edtech has a lot of promise to improve the quality of education around the world in a number of ways.
Reports say that by 2027, the Middle East and Africa (MEA) edtech and smart classroom market will be worth $7 billion, thanks to the use of edtech-based goods and services.
Even though Bahrain isn’t one of the best places in the area for edtech, it has a lot of edtech startups. Some of these apps are Lumofy, Raed App, Clever Play, and Darseni DanOwa Edutech.