Riyadh - Sharikat Mubasher: The Saudi vacation rental platform Darent successfully closed an undisclosed seed round led by Al Tawuniya Insurance, with participation from the Morgan Stanley Inclusive Ventures Lab and BIM Ventures.

Darent will use the investment to enhance its technological capabilities and upgrade its platform to provide a seamless and integrated user experience, the company announced in a press release.

This investment will solidify the company’s position as a key player in the proptech and hospitality sectors. Darent offers innovative solutions to meet the increasing demand for unique and comfortable accommodations.

Part of the funding will be allocated to enhance the guest experience by investing in artificial intelligence (AI), enabling the platform to analyze market data and deliver personalized recommendations to users.

Hanin Alsubaie, Founder and CEO of Darent Platform, said: “This funding round is a significant step towards achieving our vision of revolutionizing the vacation rental sector by effectively enhancing the tourist experience and delivering pioneering solutions that elevate the quality of the tourism sector in the Kingdom."

For his part, Fahad Maamer, Chief Investment Officer at Al Tawuniya Insurance, commented: “We see enormous potential in this unique platform to drive innovation in the vacation rental field, which is a critical component of the Kingdom's tourism sector. We look forward to supporting Darent's efforts in creating a transformative impact on the local tourism scene in line with Vision 2030's ambitions."

Darent harnesses advanced technologies to facilitate booking and payment processes, ensuring a distinguished and smooth user experience.