UAEs’ Silkhaus Secures Multi-Million Pre-Series A Financing
This round is earmarked to fuel the company's expansion plans.
Dubai-based proptech startup, Silkhaus, closes an undisclosed pre-series A financing round from San Francisco's Partners for Growth (PFG), as per a press release emailed to Inc. Arabia.
This round is earmarked to fuel the company's expansion plans.
Silkhaus has positioned itself as a key player in the global short-term rental market, valued at an impressive $100 billion.
The company provides asset owners with innovative infrastructure tools designed to efficiently manage and monetize properties.
Silkhaus caters to a diverse clientele, from institutional entities with substantial property portfolios to individual retail owners with single apartments.
The startup offers comprehensive property management solutions for short-term rentals, overseeing everything from bookings and distribution to operational aspects and enhancing the overall guest experience.
Established in 2021, Silkhaus has already hosted guests from over 120 countries, showcasing the global appeal of its platform.
In 2022, the proptech startup raised an impressive $7.75 million from a consortium of global investors, marking one of the largest seed rounds in the GCC region.