Aamar raises USD 4 mn in seed funding

Homegrown proptech Aamar secured over USD 4 mn in a seed funding round, with participation from Aqar App, Razm Investment, Al Majdiah Investment, and Blom Invest, along with unnamed angel investors, it said on LinkedIn. The company will use the funds to expand its footprint in the Kingdom and boost its services. Having served over 10k clients and facilitated transactions for rental units valued at over SAR 150 mn, Aamar simplifies the renting process for both renters and landlords via the use of AI tools.

IN OTHER STARTUP NEWS-

  • Property developer Red Sea Global partnered with Bunat Ventures to launch an AI-focused venture fund to finance around 25 Saudi AI startups in early- and growth-stage within the next three years. (Press release)

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