{"id":50080,"date":"2025-08-20T15:14:59","date_gmt":"2025-08-20T12:14:59","guid":{"rendered":"https:\/\/entarabi.com\/?p=50080"},"modified":"2025-08-20T15:31:02","modified_gmt":"2025-08-20T12:31:02","slug":"gathern-closes-72m-series-b-round-led-by-sanabil-investments","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2025\/08\/gathern-closes-72m-series-b-round-led-by-sanabil-investments\/","title":{"rendered":"Gathern Closes $72M Series B Round Led by Sanabil Investments"},"content":{"rendered":"<ul>\n<li dir=\"ltr\" style=\"text-align: left;\" data-start=\"221\" data-end=\"379\">$72M Series B funding round led by Sanabil Investments (wholly owned by PIF) at a valuation exceeding $266M, paving the way for a future IPO on Tadawul.<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\" data-start=\"221\" data-end=\"379\">Market leader in alternative hospitality with over 72,000 properties, a 44% nationwide market share (53% in Riyadh), and more than SAR 2B contributed to the local economy.<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\" data-start=\"561\" data-end=\"733\">\n<p style=\"text-align: left;\" data-start=\"564\" data-end=\"733\">Expansion plans include attracting international visitors, catering to long-term stays, and leveraging AI to enhance the platform\u2019s technology and user experience.<\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"772\" data-end=\"1258\">Saudi-based alternative hospitality platform Gathern has announced the closure of its Series B funding round worth SAR 270M ($72M), led by Sanabil Investments, fully owned by the Public Investment Fund, alongside several strategic investors.<br data-start=\"1025\" data-end=\"1028\" \/>The round values the company at over SAR 1B ($266M), reflecting growing confidence in its business model and operational performance, and supports its ambition to go public on the Saudi Exchange (Tadawul) in the near future.<\/p>\n<h2 dir=\"ltr\" style=\"text-align: left;\" data-start=\"1260\" data-end=\"1315\">Redefining Alternative Hospitality in Saudi Arabia<\/h2>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"1316\" data-end=\"1757\">Since its inception, Gathern has played a pivotal role in reshaping travel and accommodation experiences in the Kingdom. The platform enables guests to explore Saudi culture and destinations through stays in privately managed units hosted by locals.<br data-start=\"1565\" data-end=\"1568\" \/>This model not only offers a distinctive alternative to traditional hotels but also empowers thousands of Saudis to monetize underutilized properties, creating sustainable income streams.<\/p>\n<h2 dir=\"ltr\" style=\"text-align: left;\" data-start=\"1759\" data-end=\"1809\">Driving Economic Impact and Vision 2030 Goals<\/h2>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"1810\" data-end=\"2190\">Gathern has injected more than SAR 2B into the Saudi economy, benefiting over 33,000 local hosts who earn consistent monthly income.<br data-start=\"1950\" data-end=\"1953\" \/>The company has also addressed gaps in tourism supply, making it a key enabler of Saudi Vision 2030, particularly in attracting global visitors, localizing services, and strengthening the Kingdom\u2019s position as a global destination.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"2192\" data-end=\"2521\">Today, the platform boasts more than 72,000 private hospitality units across the Kingdom, representing nearly 15% of the total hotel and non-hotel supply in Saudi Arabia. With a 44% market share in alternative hospitality nationwide and 53% in Riyadh, Gathern has firmly established itself as the market leader.<\/p>\n<h2 dir=\"ltr\" style=\"text-align: left;\" data-start=\"2523\" data-end=\"2555\">Strategic Use of Investment<\/h2>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"2556\" data-end=\"2878\">The fresh funding will fuel Gathern\u2019s local and regional expansion, with a strong focus on international tourism and long-term stays.<br data-start=\"2689\" data-end=\"2692\" \/>Plans also include further investment in technology infrastructure, enhancing the user experience with AI-powered solutions, and expanding the host network to diversify the supply.<\/p>\n<h2 dir=\"ltr\" style=\"text-align: left;\" data-start=\"2880\" data-end=\"2907\">Record-Breaking Growth<\/h2>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"2908\" data-end=\"2966\">In recent years, Gathern has achieved remarkable growth:<\/p>\n<ul dir=\"ltr\" style=\"text-align: left;\" data-start=\"2967\" data-end=\"3151\">\n<li data-start=\"2967\" data-end=\"3007\">\n<p data-start=\"2969\" data-end=\"3007\">Over 5 million registered users.<\/p>\n<\/li>\n<li data-start=\"3008\" data-end=\"3056\">\n<p data-start=\"3010\" data-end=\"3056\">Guests from 150 different nationalities.<\/p>\n<\/li>\n<li data-start=\"3057\" data-end=\"3106\">\n<p data-start=\"3059\" data-end=\"3106\">More than SAR 2B paid out to local hosts.<\/p>\n<\/li>\n<li data-start=\"3107\" data-end=\"3151\">\n<p data-start=\"3109\" data-end=\"3151\">500% growth over the past two years.<\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"3153\" data-end=\"3336\">This new funding marks a defining chapter in Gathern\u2019s journey, reinforcing its readiness for institutional expansion and transparency as it prepares for a potential public listing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>$72M Series B funding round led by Sanabil Investments (wholly owned by PIF) at a valuation exceeding $266M, paving the way for a future IPO on Tadawul. Market leader in alternative hospitality with over 72,000 properties, a 44% nationwide market share (53% in Riyadh), and more than SAR 2B contributed to the local economy. Expansion [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":50081,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[8850],"tags":[],"class_list":["post-50080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-venture"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/50080","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\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=50080"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/50080\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/50081"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=50080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=50080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=50080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}