Saudi Short-Term Rental Platform Gathern Raises $72M

Saudi Arabia’s vacation rental platform Gathern has raised $72 million in a Series B funding round, bringing its valuation to roughly $266 million (over SAR 1 billion).

The round was led by Sanabil Investments (a subsidiary of the Public Investment Fund), with participation from STV, Pinnacle Capital, Nuwa Capital, and Endeavor Catalyst.

Founded in 2017 by Latifah Altamimi, Gathern is the Kingdom’s first short-term rental platform licensed by the Ministry of Tourism.

Today, the platform has expanded to 5 million registered users and more than 72,000 listed private properties, including villas, apartments, farms, resorts, and camps.

With the new funds, Gathern plans to accelerate regional expansion, develop long-term stay offerings, and implement AI-powered tech upgrades.

To learn more about the region’s travel market, check out AltexSoft's video on Middle East investment opportunities.

Some of the recent funding cases (August 2025) also include Akasa Air securing $125 million to support fleet expansion, Kasa raising $40 million for tech upgrades, Highside Companies securing $500 million from affiliates of Apollo Global Management, and Eve Air Mobility’s $230 million equity raise.

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