Riyadh-based real estate firm Mnzil raised over SAR 44 mn in a Series A funding round, according to a LinkedIn announcement. The round was led by the US-based venture capital firm Founders Fund, marking its first-ever investment in Saudi Arabia, with participation from COTU Ventures.

What they said: “With the new investment, Mnzil will continue scaling its operational footprint, including the development of a 22k sqm site slated for six new worker-housing buildings, in partnership with local landowners to strengthen Saudi Arabia’s labour-accommodation infrastructure.”

About Mnzil: Founded by Majeed Albabtain (LinkedIn) and Abdulrahman Alshaya (LinkedIn) in 2024, the company specializes in workforce housing solutions. The firm expanded into more than 13 cities across the Kingdom, securing over 100 clients through an operational network that manages more than 60 fully equipped buildings.

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