Silkhaus closes pre-Series A round to accelerate expansion plans

Silkhaus closes pre-Series A round to accelerate expansion plans

UAE-based proptech Silkhaus, has raised a multi-million-dollar pre-Series A financing from San Francisco-headquartered Partners for Growth (PFG).

Founded in 2021 by Aahan Bhojani and Ashmin Varma, Silkhaus offers a marketplace for short-term rentals across the UAE, with plans to expand to Saudi Arabia.

In 2022, Silkhaus raised $7.75 million from global investors.

Press release:

Silkhaus, 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. Property 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 the guest experience.

Aahan Bhojani, Founder & CEO, Silkhaus, said: