The new funding will be used to drive Silkhaus’ expansion in Saudi Arabia
SilkHaus
Silkhaus closes pre-series A financing from US venture capital firm Partners for Growth
The agreement also provides Silkhaus access to an additional multi-million dollar credit line to support its expansion plans
Silkhaus expands short-term rental operations into Abu Dhabi
The company’s rental model provides flexibility for landlords and claims higher earnings compared to long-term rentals
Dubai-based Silkhaus poised for rapid GCC expansion, targets Saudi Arabia, Abu Dhabi
Silkhaus’ expansion plans in line with its short-to-medium term target to focus on the short-term rental market across Asia
Short-term rentals market the new game changer for Dubai’s thriving real estate market
Silkhaus, the pioneer home-grown player in Dubai, has also teamed up with global biggies in the segment such as Airbnb and Booking.com to boost listings on its tech-propelled platform
Dwelling in the past, living in the future
The Dubai-based proptech startup has caught the attention of investors and generated the largest-ever seed round in the Middle East when it raised $7.75 million