{"id":14779,"date":"2024-01-18T10:51:47","date_gmt":"2024-01-18T07:51:47","guid":{"rendered":"https:\/\/entarabi.com\/?p=14779"},"modified":"2024-01-18T10:57:21","modified_gmt":"2024-01-18T07:57:21","slug":"silkhaus-closes-a-pre-series-a-investment-round-in-cooperation-with-pfg","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2024\/01\/silkhaus-closes-a-pre-series-a-investment-round-in-cooperation-with-pfg\/","title":{"rendered":"Silkhaus closes a Pre-Series A investment round in cooperation with PFG"},"content":{"rendered":"<div class=\"flex-1 overflow-hidden\">\n<div class=\"react-scroll-to-bottom--css-ifshy-79elbk h-full\">\n<div class=\"react-scroll-to-bottom--css-ifshy-1n7m0yu\">\n<div class=\"flex flex-col pb-9 text-sm\">\n<div class=\"w-full text-token-text-primary\" data-testid=\"conversation-turn-17\">\n<div class=\"px-4 py-2 justify-center text-base md:gap-6 m-auto\">\n<div class=\"flex flex-1 text-base mx-auto gap-3 md:px-5 lg:px-1 xl:px-5 md:max-w-3xl lg:max-w-[40rem] xl:max-w-[48rem] group final-completion\">\n<div class=\"flex-shrink-0 flex flex-col relative items-end\">\n<div class=\"pt-0.5\">\n<div class=\"gizmo-shadow-stroke flex h-6 w-6 items-center justify-center overflow-hidden rounded-full\"><\/div>\n<\/div>\n<\/div>\n<div class=\"relative flex w-full flex-col lg:w-[calc(100%-115px)] agent-turn\" style=\"text-align: left\">\n<div class=\"flex-col gap-1 md:gap-3\">\n<div class=\"flex flex-grow flex-col max-w-full\">\n<div class=\"min-h-[20px] text-message flex flex-col items-start gap-3 whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 overflow-x-auto\" data-message-author-role=\"assistant\" data-message-id=\"328b2216-548c-46b0-907a-5b19ee9946f1\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p>Silkhaus, based in the UAE, has announced the closure of a Pre-Series A funding round with investment from the American company Partners for Growth (PFG), without disclosing the round&#8217;s value.<\/p>\n<p>According to the investment agreement, the company will also gain credit facilities to support its expansion plans.<\/p>\n<p>Silkhaus focuses on the short-term rental market, which, according to its statement, exceeds $100 billion USD.<\/p>\n<p>It provides property owners with a platform to manage their assets, track reservations, and achieve higher income compared to traditional leasing methods.<\/p>\n<p>The company claims that its clients earn 20% to 40% more than traditional rental methods.<\/p>\n<p>On this occasion, Ahyan Bhugani, the founder and CEO of Silkhaus, said: &#8220;Since Silkhaus&#8217;s inception, we have witnessed remarkable demand, with a 120% increase over the past 12 months.<\/p>\n<p>We are pleased to collaborate with the PFG team to initiate the expansion process across various Gulf Cooperation Council countries.<\/p>\n<p>We have always focused on financial sustainability, and this global capital partnership is a testament to the strength of our unit economics.&#8221;<\/p>\n<p>Armenian Baghdumian, Managing Director and Head of Partners for Growth in Europe, the Middle East, and Africa, commented: &#8220;Silkhaus is reinventing the way property owners and institutional investors can generate income from their assets by leveraging technology.<\/p>\n<p>The company has laid strong foundations on the path to success, and we are excited to be part of their growth story.&#8221;<\/p>\n<p>Silkhaus was founded in 2021 and previously announced the closure of a $7.75 million USD Seed funding round through regional and global investment funds.<\/p>\n<p>The company currently operates in Dubai and Abu Dhabi, with plans to expand to Riyadh soon.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Silkhaus, based in the UAE, has announced the closure of a Pre-Series A funding round with investment from the American company Partners for Growth (PFG), without disclosing the round&#8217;s value.<\/p>\n","protected":false},"author":11,"featured_media":14777,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1772],"tags":[2993,2994,2992],"class_list":["post-14779","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startups","tag-ahyan-bhugani","tag-partners-for-growth-en","tag-silkhaus"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/14779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=14779"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/14779\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/14777"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=14779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=14779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=14779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}