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Saudi Arabia: Riyadh-based short-term rental platform Gathern has secured $72 million [SAR 250 million] in Series B funding, valuing the company at over $266 million [SAR 1 billion].
The round was led by Sanabil Investments, with participation from STV, Nuwa Capital, Endeavor Catalyst, and Pinnacle Capital.
Founded in 2017, Gathern has become one of the Kingdom’s leading platforms for flexible accommodation, offering listings across villas, apartments and resorts. The company says it now works with more than 33,000 property owners, reflecting rising demand for alternative stays in Saudi Arabia’s evolving tourism industry.
The new investment will be used to scale operations, onboard more hosts, and enhance the company’s digital infrastructure to support growth.
The raise comes as Saudi Arabia accelerates investment in its tourism and hospitality industries under the Vision 2030 diversification plan, which aims to boost inbound travel and support new accommodation models alongside hotels.
Highlights:
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Gathern raises $72m Series B, valuing the company at $266m.
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Led by Sanabil Investments, joined by STV, Nuwa Capital, Endeavor Catalyst, Pinnacle Capital.
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Platform has over 33,000 property owners across villas, apartments and resorts.
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Funds to drive scale, host onboarding, and digital upgrades.
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Growth aligns with Saudi Arabia’s Vision 2030 tourism strategy.
