Gathern, the leading vacation rental platform in Saudi Arabia, has successfully raised $72 million in a Series B funding round. The investment was spearheaded by Sanabil Investments, a wholly owned subsidiary of the Public Investment Fund, with notable participation from STV, Pinnacle Capital, Nuwa Capital, and Endeavor Catalyst. This funding round has elevated Gathern's valuation to over $266 million, positioning it as the highest-valued venture-backed startup in the region. The company is now setting its sights on an initial public offering (IPO), signaling its ambition to expand its market presence and capitalize on the growing demand for vacation rentals in Saudi Arabia and the broader GCC region.
Source: MENAbytes
