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Silkhaus, a Dubai-based short-term rental startup, has secured significant growth funding to expand into Saudi Arabia, enhancing its booking platform to meet rising demand for premium accommodations. With a managed property value of $200 million annually, the company aims to dominate the GCC market, leveraging technology to optimize guest experiences and streamline rental management. Key leadership appointments support its ambitious regional strategy, aligning with Saudi Arabia's Vision 2030 tourism goals.
Dubai-based short-term rental startup Silkhaus has secured funding to expand into Saudi Arabia, enhancing its booking platform amid rising demand for premium accommodations. Led by Nuwa Capital and Oraseya Capital, the investment supports Silkhaus's goal to dominate the GCC market, with operations now launched in Riyadh and other key locations. The company aims to leverage technology to optimize rental management and improve guest experiences, positioning itself as a leader in the region's evolving short-term rental landscape.
Moroccan AI company ToumAI has secured $1 million in pre-seed funding to enhance its AI-driven customer experience solutions, focusing on multilingual and emotion-aware interactions through its HolistiCX suite. The investment, led by Launch Africa Ventures, will support its expansion across Africa and Europe, addressing the emotional intelligence gap in traditional AI. With a scalable API model, ToumAI aims to personalize customer interactions and improve engagement through advanced voice-driven applications and churn detection capabilities.
The Box, a Dubai-based self-storage company, has secured $12.5 million in funding led by Shorooq Partners to expand its facilities in the UAE. This investment aims to enhance urban living by providing flexible storage solutions tailored to the growing expat population and modern logistical needs. The new flagship facility in Dubai will further solidify The Box's market-leading position and commitment to innovative, technology-enhanced storage options.
ULA, an Edtech startup, has raised $28 million in Series B funding to enhance AI-powered digital education in the MENA region, focusing on Saudi Arabia. The investment will support the development of a next-generation learning platform featuring personalized education, AR/VR integration, and advanced data analytics, aiming to bridge educational gaps across the Arab world.
Silkhaus is expanding into Saudi Arabia, aiming to become the leading short-term rental platform in the Middle East, driven by the region's growing demand for quality accommodation amid Vision 2030. The startup has raised significant funding to enhance its technology and guest experiences, positioning itself for future growth in the travel accommodation sector. Meanwhile, Madkhol Capital has secured $2.2 million in seed funding to advance AI-driven investment solutions, aligning with the push for financial innovation in Saudi Arabia.
Wadih Haddad
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
silkhaus secures funding to expand short-term rental operations in saudi arabia
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