Saudi Short-Term Rental Platform Gathern Raises $72 Million Series B
With this investment, the company is expected to scale operations, onboard more hosts, and enhance its digital infrastructure.
Saudi Arabia-based short-term rental platform Gathern has raised $72 million (SAR 250 million) in a Series B funding round, valuing the company at over $266 million (SAR 1 billion). The round was led by Sanabil Investments and joined by STV, Nuwa Capital, Endeavor Catalyst, and Pinnacle Capital.
Founded in 2017, Gathern has grown into one of the Kingdom’s leading platforms for short-term rentals, offering a wide range of properties including villas, apartments, and resorts. The company reports hosting over 33,000 property owners on its platform, reflecting the growing demand for flexible accommodation options across Saudi Arabia.
With this investment, the company is expected to scale operations, onboard more hosts, and enhance its digital infrastructure to meet the rising demand for short-term rentals.
