Riyadh - Sharikat Mubasher: Gathern, the Saudi peer-to-peer (P2P) vacation rental platform, plans to file for an initial public offering (IPO) in Tadawul in 2028 after securing $72 million in a series B round, according to Chief Executive Officer Latifah Altamimi.
The fundraising will help Gathern expand into car rentals, flights, and curated experiences by 2026, Altamimi stated in an interview with Bloomberg.
This new capital will also enable the company to expand into the GCC region, starting with Kuwait and Bahrain.
Last month, Gathern successfully raised $72 million in a series B round led by Sanabil Investments, with participation from Endeavor Catalyst, Pinnacle Capital, Nuwa Capital, and STV.
The platform targets using this investment to advance its technology infrastructure with AI-driven solutions, improve user experience, and grow its network of hosts.
Since its launch, Gathern has attracted more than five million registered users, facilitated over SAR 2 billion in payouts to local hosts, and built a network of more than 72,000 hospitality units, representing nearly 15% of the country’s total hotel and non-hotel supply.
