{"id":89817,"date":"2024-09-19T00:00:00","date_gmt":"2024-09-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/19\/darent-secures-undisclosed-amount-in-a-seed-round-led-by-al-tawuniya-ins\/"},"modified":"2024-09-19T00:00:00","modified_gmt":"2024-09-19T00:00:00","slug":"darent-secures-undisclosed-amount-in-a-seed-round-led-by-al-tawuniya-ins","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/19\/darent-secures-undisclosed-amount-in-a-seed-round-led-by-al-tawuniya-ins\/","title":{"rendered":"Darent secures undisclosed amount in a seed round led by Al Tawuniya Ins."},"content":{"rendered":"

Homegrown proptech startup <\/strong>Darent<\/a><\/strong> secured an undisclosed amount in a seed funding<\/strong> round<\/strong> led by Al Tawuniya Ins.<\/a> with participation from Morgan Stanley Inclusive Ventures Lab<\/a> \u2014 marking one of their first investments in the MENA region \u2014 and BIM Ventures<\/a>, according to a press release<\/a>. <\/p>\n

Use of proceeds: <\/strong>Darent earmarked the funds to advance its tech capabilities and marketing drive, including investing in AI to improve the platform\u2019s ability to analyze markets and personalize recommendations for clients. <\/p>\n

About Darent: <\/strong>Founded in 2021 by Hanin Alsubaie (LinkedIn<\/a>), the MIT Accelerator graduate focuses on vacation home rentals, and managed to raise USD 1 mn a year on from its inception in a pre-seed round<\/a> led by Watheeq Proptech Venture. SInce taking off two years ago, the platform has successfully increased property occupancy rates which now exceed 90% during peak seasons. <\/p>\n

\n

IN OTHER STARTUP NEWS-<\/p>\n

Saudi businesswoman<\/strong> Amal bin Abdulaziz Al-Ajlan invested USD 250k in Egyptian<\/strong> edtech startup Farid in a pre-seed funding round<\/strong>, according to a press release<\/a>. Founded in 2024, Farid focuses on character development education and mental health awareness for children aged 3 to 18. <\/p>\n

The funds will fuel Farid\u2019s expansion into the Kingdom and the UAE<\/strong>, while also helping it develop new content, hire new talents, and secure partnerships with schools and universities.<\/p>\n

\n

\n

Saudi Mawarid invests in US-based Sceye:<\/strong> Homegrown private investment firm Mawarid Holding has invested an undisclosed amount in US aerospace company Sceye in a series C funding round, according to a press release<\/a>. Sceye, which specializes in high-altitude platform systems, was valued at USD 535 mn. <\/p>\n","protected":false},"excerpt":{"rendered":"

Funds will go towards boosting the startups platform and marketing drives<\/p>\n","protected":false},"author":1,"featured_media":89818,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2556],"tags":[3118,3117,10,179,521],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-al-tawuniya-insurance","tag-darent","tag-enterpriseam-ksa","tag-startup-watch","tag-startups","wpautop","entry"],"acf":{"mongo_id":"b1c2ba21-166b-4d3a-9506-5edac856a4e9","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/1746.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Darent secures undisclosed amount in a seed round led by Al Tawuniya Ins.","related_issue":[89802],"teaser":"Funds will go towards boosting the startups platform and marketing drives","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.d8507f5d-ba0f-4889-b3d0-a8b0a1c59076.mp3"},"yoast_head":"\nDarent secures undisclosed amount in a seed round led by Al Tawuniya Ins. - 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