UAE Proptech Silkhaus Closes Pre-Series A

UAE Proptech Silkhaus Closes Pre-Series A

Silkhaus, a Dubai based 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

The post UAE Proptech Silkhaus Closes Pre-Series A appeared first on Fintechnews Middle East.Silkhaus, a Dubai based 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

Aahan Bhojani, Founder & CEO, Silkhaus said:

“Since our launch, Silkhaus has experienced incredible demand, growing