Homegrown social networking platform Bubbl closed a SAR 1.3 mn (USD 350k) pre-seed funding round led by angel investor Abdullah Al Dosari (LinkedIn), according to a press release. The raised funds will go towards expanding the platform’s user base to 1 mn daily active users. No further details were disclosed on the identity of other investors contributing to the round, or on whether the investments are debt or equity based.
About Bubbl: Founded in March by Ayah Alhmmoud (LinkedIn), Bubbl is an iPhone widget that allows live conversation between close circles of friends, with each user limited to 20 connections, according to its website. The platform currently has 60k active daily users, with 80% based in Saudi and 98% accessing the service via iPhones. The app has also reached upwards of 10 mn users via social media marketing campaigns.