Saudi social network platform Bubbl raises $350,000 pre-Seed
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Funding Round: Bubbl, a Saudi Arabia-based social networking platform, has successfully raised $350,000 in a pre-Seed funding round led by angel investor Abdullah Al-Dosari.
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Rapid User Growth: Launched in March 2024 by Aya Al-Hammoud, the Bubbl app has achieved 60,000 daily active users and is recognized as a leading communication application on the Apple App Store in Saudi Arabia.
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Expansion Goals: The funding will support Bubbl’s objective to increase its daily active users to 1 million, enhancing its market presence both within Saudi Arabia and regionally.
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Market Impact: Around 80% of Bubbl’s active users are based in Saudi Arabia, primarily accessing the platform via iPhones, indicating a strong local user base and effective marketing strategies that have reached over 10 million people.
- Local Innovation: Investor Abdullah Al-Dosari emphasized Bubbl’s success as a local app competing against global platforms, highlighting the potential for Saudi technology initiatives to thrive on the global stage.
Saudi social network platform Bubbl raises $350,000 pre-Seed
- Saudi Arabia-based social networking platform Bubbl has raised a $350,000 pre-Seed funding round led by angel investor Abdullah Al-Dosari.
- Launched in 2024 by Aya Al-Hammoud, the Bubbl app has reached 60,000 daily active users.
- The new investment will support Bubbl’s goal to expand its user base to 1 million daily active users in the near future.
Source: EntArabi
Bubbl, the social networking platform, has announced successfully raising $350,000 in a pre-Seed funding round led by angel investor Abdullah Al-Dosari.
Launched in March by Aya Al-Hammoud, the Bubbl app quickly gained traction, reaching an impressive 60,000 daily active users. The app was recognised as a standout communication application on the Apple App Store and even ranked first in the Saudi App Store.
Bubbl aims to expand its user base to 1 million daily active users in the near future. This ambitious target will be supported by the new investment, which is set to strengthen the app’s presence in Saudi Arabia and drive its expansion into regional and global markets.
Investor Abdullah Al-Dosari highlighted Bubbl as a promising example of local apps competing successfully in fields previously dominated by global platforms. He added that this success showcases the potential of Saudi-based applications in the tech space.
Approximately 80% of Bubbl’s active users are based in Saudi Arabia, with 98% of them accessing the platform via iPhones. Moreover, the app has reached more than 10 million people through its marketing campaigns on various social media channels, underscoring its impactful promotional efforts.
Bubbl is paving the way for innovation and local talent, solidifying the position of Saudi applications on the global tech map. Stay tuned for more updates as the platform continues to grow.
Here is the list of the relevant details from the article regarding the funding of the Saudi social network platform Bubbl:
Funds
- Amount Raised: $350,000
- Funding Series: Pre-Seed
Investors
- Lead Investor: Abdullah Al-Dosari (Angel Investor)
Startup
- Name: Bubbl
- Type: Social Networking Platform
Founders
- Founder: Aya Al-Hammoud
Fundraise Series
- Series: Pre-Seed funding
Additional Information
- Launch Date: March 2024
- Daily Active Users: 60,000 (as of the funding round)
- Future Goal: To expand user base to 1 million daily active users
- Key Market: Primarily targeting users in Saudi Arabia, with the potential for regional and global expansion.
This information highlights the major aspects related to the funding and operations of Bubbl.