Saudi Ghanem closes $1.5M pre-seed extension with real estate companies and angel investors, bringing total funding to $8.6M.
Amount Raised
$1.5 Million
Round Type
Pre-Seed
Saudi ArabiaReal EstateReal Estate InvestmentCommercial Real EstateInvestors
Description
Saudi Ghanem, a fractional real estate ownership platform, closed an additional $1.5 million funding round with participation from real estate companies, strategic angel investors, and Waad Investment. This brings the total pre-seed funding to $8.6 million, following an initial $7.1 million led by Al-Rumaih Group. The company has achieved significant milestones including thousands of registered users, periodic rental revenue distributions, and digital integration with Saudi Real Estate Registry. All products are Shariah-approved and operating under the Saudi Real Estate General Authority's regulatory sandbox.
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