Saudi Arabia’s Gathern has closed a SAR 270 million ($72 million) Series B funding round led by Sanabil Investments, led by Sanabil Investments, and joined by STV, Nuwa Capital, Endeavor Catalyst, and Pinnacle Capital, with participation from several strategic investors.
The raise values the Riyadh-based company at more than SAR 1 billion ($266 million), and paves the way for a potential IPO on the Saudi stock exchange.
Founded in 2017 by Latifah Altamimi and Eman Alsuwailem, Gathern operates the Kingdom’s largest peer-to-peer rental marketplace, offering more than 35,000 accommodations across 280 cities. The platform allows travellers to book short-term stays ranging from traditional homes and heritage sites to immersive desert experiences, with all properties managed by local hosts. Gathern is also the first licensed short-term rental platform by the Saudi Ministry of Tourism.
The company said it will use the new capital to expand both domestically and internationally, attract more international visitors, and develop long-stay solutions. Investments will also be directed towards enhancing technical infrastructure, including AI-driven user experiences, and scaling its host network.
Since inception, Gathern has contributed more than SAR 2 billion ($533 million) to the local economy and supported over 33,000 Saudi hosts.
In April 2022, it raised a pre-Series B led by Shurafa Real Estate Development alongside Al Majdia Residence, Al Ajlan Riviera, Al Safa Real Estate Development, and STV.
The new raise also follows Gathern’s selection earlier this year as an Endeavor Entrepreneur, underscoring its trajectory toward becoming one of the region’s most prominent travel and hospitality scaleups.
