UAE-based Bundle raises $5.5 million pre-seed to expand rewards platform
Ethereal Ventures and Further Ventures co-led the round as Bundle builds a blockchain network that lets brands pool rewards budgets and cut customer acquisition costs.
Fact Check
All core elements of the claim are independently corroborated. Wamda and TNGlobal, both established regional tech/startup outlets, report identical facts: UAE/Dubai-based Bundle raised $5.5M pre-seed co-led by Ethereal Ventures and Further Ventures, operating a shared blockchain rewards network that pools brand incentive budgets to lower customer acquisition costs. Vietnam Investment Review and Cryptorank add matching investor lists (Nascent, GSR, Scenius Capital, Anchorage Digital, Nuwa Capital) and expansion targets (Singapore, Vietnam, Philippines). No conflicting evidence found.
Summary
UAE-based Bundle has raised $5.5 million in a pre-seed round to accelerate product development and international expansion. Ethereal Ventures and Further Ventures co-led the financing, with participation from Nascent, GSR, Scenius Capital, Anchorage Digital and Nuwa Capital. The startup is building a blockchain-based shared rewards network that lets brands combine incentive budgets, offer larger rewards and lower customer acquisition costs.
Terms & Concepts
- pre-seed funding round: An early startup financing round used to support initial growth.
- customer acquisition cost (CAC): The cost of bringing in a new customer.
- blockchain network: A system that records and shares data across distributed ledger infrastructure.