UAE’s Silkhaus closes pre-series A financing from partners for growth

UAE’s Silkhaus closes pre-series A financing from partners for growth

- Silkhaus continues to grow revenue 20% quarter on quarter in the UAE

- Silkhaus is now the largest short-term rental operator of the GCC, with a presence across Dubai, Abu Dhabi and soon in Riyadh

Dubai, UAE: Silkhaus (www.silkhaus.com), a cutting-edge proptech startup dedicated to revolutionising short-term rentals across the Middle East and Asia, has announced it has raised a multi-million pre-series A financing from San Francisco headquartered Partners for Growth (PFG). The agreement also provides Silkhaus access to an additional multi-million dollar credit line to support its expansion plans.

Headquartered in Dubai, Silkhaus is building for the global short-term rental industry valued at $100B+. The company leverages technology to provide asset owners with infrastructure tools to manage and monetize properties. Properties owners on Silkhaus earn on average 20-40% more income than through traditional rental models.

Silkhaus powers short-term rentals with real estate owners ranging from institutional entities with mass holdings to individual retail owners with single apartments. Silkhaus leverages technology to provide end-to-end property management solutions for short-term rentals, managing every aspect from bookings to distribution, and from operations to guest experience.

Aahan Bhojani, Founder & CEO, Silkhaus said: “Since our launch, Silkhaus has experienced incredible demand, growing by 120% over the past