Full information about startup Univas on Unicorns Club

17 h

25 m

06 s

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17 h

25 m

06 s

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Univas

Univas is a tech startup that builds social media apps for individual campus communities across Africa, helping them foster Intra-campus connections and interaction through concentric features that promotes a fun & memorable campus experience

Spotlight

Univas is a founder-backed startup, actively fundraising to reach its next milestone

The startup is in the validation stage and has onboarded early users

Current funding roundRound is open

Stage

Own money / Friends / Family

Pre-money valuation

Limited Access

Investor equity

Limited Access

Revenue in the last 12 months

Limited Access

Valuation in 4 years

Limited Access

Growth Forecast

Limited access

This data is under wraps

Funding readiness level

2/9

Business concept detailed, funding needs and options outlined.

Univas has a well-defined business concept with a clear value proposition, though further validation and updates are ongoing. Initial funding needs have been outlined for key steps and milestones, including platform development, marketing, and operational costs. A basic funding plan is in place, exploring options such as grants, angel investors, and early-stage venture capital to sustain operations and achieve critical milestones within the next 3–6 months.

Team Background

Background:

Not applicable

Meet the Team

Co-Founder

Mofijinfoluwa Falola

CEO (Chief Executive Officer)

Co-Founder

Mofijinfoluwa Falola

CEO (Chief Executive Officer)

Key metrics & Growth Rate

Revenue

Paid users

All users

Limited access

This data is under wraps

ABOUT

Demo

4 Jan 2025

Our solution is transforming the way campus communities engage and interact by introducing a hyper-localized social media platform specifically designed for universities. Unlike traditional social media platforms that offer broad, generic experiences, our app provides customized, campus-specific digital spaces that foster real connections and meaningful engagement within individual universities.

Details

Industries

Social NetworkCommunityMediaE-commerce / RetailEntertainmentOther

Start date

2 Aug 2019

Company location

Nigeria

Country where most of the founders are currently located

Nigeria

Website

funabworld.com

STARTUP READINESS LEVEL

4/9

Validating Problem/Solution

Univas began as Funabworld, a prototype tested at the Federal University of Agriculture, Abeokuta (FUNAAB). Through R&D and prototyping, we validated its effectiveness in solving campus engagement and commerce challenges. The platform gained high student acceptability, proving strong demand. However, due to funding constraints, we paused operations. With the right investment, Univas is set to scale, revolutionizing social networking and marketplace services across universities in Nigeria.

business Readiness Level

7/9

Proven product/market fit and customer payment willingness.

Proven product/market fit: Our prototype, Funabworld, tested at the Federal University of Agriculture, Abeokuta, has shown significant customer interest with high engagement and early sales confirming clear payment willingness. Attractive revenue vs. cost projections are validated by initial sales data, indicating a sustainable, attractive business model. Preparations for scaling are underway, including strategic agreements with suppliers and established sales channels to support rapid expansion across university campuses.

Marketing

Marketing strategy

Limited Access

Channels

Limited Access

customer Readiness Level

4/9

Confirmed needs/problems from multiple customers/users.

Confirmed Need/Problem of Multiple Users/Customers
Who: FUNAAB students, student entrepreneurs, and event organizers.
What: Difficulty promoting campus events and products due to fragmented channels.
Before: Reliance on word-of-mouth, WhatsApp groups, and flyers resulted in low reach and high effort.
Solution: Funabworld centralized and streamlined promotions with targeted campus engagement.
Result: High adoption validated the need.

Customers geography

followed by:

bages:

No achievements or badges added yet

5 key updates

Last updated: 10 June 2025

Now's your moment: join as a startup or investor and get a welcome bonus — earn up to 350 Sparks

Now's your moment: join as a startup or investor and get a welcome bonus — earn up to 350 Sparks

Univas

Spotlight

Univas is a founder-backed startup, actively fundraising to reach its next milestone

The startup is in the validation stage and has onboarded early users

Current funding roundRound is open

Stage

Pre-money valuation

Investor equity

Revenue in the last 12 months

Valuation in 4 years

Growth Forecast

Funding readiness level

2/9

Business concept detailed, funding needs and options outlined.

Team Background

Background:

Meet the Team

Mofijinfoluwa Falola

Mofijinfoluwa Falola

Key metrics & Growth Rate

Revenue

Paid users

All users

ABOUT

Details

Industries

Start date

Company location

Country where most of the founders are currently located

Website

STARTUP READINESS LEVEL

4/9

Validating Problem/Solution

business Readiness Level

7/9

Proven product/market fit and customer payment willingness.

Marketing

Marketing strategy

Channels

customer Readiness Level

4/9

Confirmed needs/problems from multiple customers/users.

Customers geography

Now's your moment: join as a startup or investor and get a welcome bonus — earn up to

Now's your moment: join as a startup or investor and get a welcome bonus — earn up to