{"id":90677,"date":"2024-10-20T00:00:00","date_gmt":"2024-10-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/20\/jaras-hospitality-closes-sar-2-5-mn-pre-seed-funding-round\/"},"modified":"2024-10-20T00:00:00","modified_gmt":"2024-10-20T00:00:00","slug":"jaras-hospitality-closes-sar-2-5-mn-pre-seed-funding-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/20\/jaras-hospitality-closes-sar-2-5-mn-pre-seed-funding-round\/","title":{"rendered":"Jaras Hospitality closes SAR 2.5 mn pre-seed funding round"},"content":{"rendered":"

Homegrown hospitality management digital solutions provider <\/strong>Jaras<\/a><\/strong><\/a><\/strong>Hospitality<\/a><\/strong> closed a <\/strong>SAR 2.5 mn (USD 666k) pre-seed funding round<\/strong>, according to a press release<\/a>. The fresh capital will be used to improve the company\u2019s product-market fit which is still in its beta stage, and acquire more customers. Information about the involved angel investors and the breakdown and structure of the investment wasn\u2019t disclosed.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

About <\/strong>Jaras<\/strong>: <\/strong>Founded in 2023 by Ahmed Al Zabidi (Linkedin<\/a>), Jaras looks to streamline hotel bookings and financials through its integrated platform. The startup aims to empower operators and owners of hotel rooms, serviced apartments, and chalets to manage availability, track pricing, and generate detailed reports in one place. Operators and managers of listings can connect and manage their listings across multiple booking websites through Jaras\u2019 platform. Some of their partners include Glamour Hotel, Holiday Plus, and Tu Jardin. <\/p>\n

ALSO FROM STARTUPLAND- <\/strong><\/p>\n

Local<\/strong> startups were the most-funded in the region last month<\/strong>, raising some USD 170.8 mn over 23 transactions in September and accounting for 60% of the total amount raised by MENA startups, Wamda<\/a> reported. The Kingdom was absent from the list of top-funded countries in the previous two months. Jeddah-based smart mobility startup Shift secured the region\u2019s largest ticket for the month<\/a>, receiving a SAR 310.8 mn (c. USD 82.8 mn) from Merak Capital.<\/p>\n","protected":false},"excerpt":{"rendered":"

The capital is earmarked for improving the company\u2019s product-market fit + expanding the customer base<\/p>\n","protected":false},"author":1,"featured_media":90678,"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":[10,94,3271,179,521],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-90677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterpriseam-ksa","tag-hospitality","tag-jaras-hospitality","tag-startup-watch","tag-startups","wpautop","entry"],"acf":{"mongo_id":"e5293879-2c7a-4fec-9211-045bef00f5a1","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/1588.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Jaras Hospitality closes SAR 2.5 mn pre-seed funding round","related_issue":[90660],"teaser":"The capital is earmarked for improving the company\u2019s product-market fit + expanding the customer base","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.81fd34ee-7d1e-4e3d-bdcb-1eab6d549e96.mp3"},"yoast_head":"\nJaras Hospitality closes SAR 2.5 mn pre-seed funding round - 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