Saudi Vacation Rental Platform Gathern Raises $72 Million, Eyes IPO

8/25/2025

Saudi Arabia’s Gathern, the country’s leading vacation rental platform, raised $72 million in a Series B round, valuing the company at over $266 million. Founded in 2016 by Latifah Altamimi, Gathern offers short and long-term rentals, operating 72,000 units and capturing a 44% share of Saudi Arabia’s alternative hospitality market. The funding will accelerate local and regional expansion, enhance technology, including AI-driven experiences, and support IPO preparations on Tadawul. The platform has grown over 500% in two years, with 5 million users.

menabytes (08/20/25)

Read More