Riyadh - Sharikat Mubasher: Silkhaus, a leading property technology (proptech) startup based in Dubai, successfully closed a seven-figure Growth Round led by Nuwa Capital and Oraseya Capital, with participation from Impulse International, Yuj Ventures, Nordstar, and prominent family offices.

In a recent press release, Silkhaus revealed that the investment will fuel its expansion in Saudi Arabia.

As part of its expansion plans, Silkhaus will launch its booking platform under the leadership of Sabine El Najjar, VP Commercial and Managing Director of Silkhaus Saudi Arabia, and Peter May, VP of Operations. This move will position the company as a premier choice for business and leisure travelers seeking high-quality accommodations.

Furthermore, Silkhaus will provide guests in Saudi Arabia with world-class and seamless booking options through its website, leveraging technology to optimize property returns for landlords.

Aahan Bhojani, Founder and CEO of Silkhaus, stated that the growth round underscores the company’s commitment to redefining the short-term rental industry.

“With the support of our investors and team, we are excited to scale our operations in the UAE and KSA, offering innovative solutions to property owners and premium experiences to guests,” Bhojani noted.

“We are proud to support Silkhaus as they continue to grow and redefine how guests experience consistent, high-quality stays at their properties,” Nitin Reen, Partner at Nuwa Capital, said. “Their early achievements in the UAE serve as clear validation of the model’s potential and bolster our confidence in scaling it to additional cities across KSA.”

Founded in 2021, Silkhaus now operates properties valued at over $200 million annually across Dubai, Abu Dhabi, and Riyadh, spanning the luxury and mid-market segments.