Property Management Platform Darent Raises Funds To Develop Technology
Darent, property management platform raised $1 million in a pre-seed round led by Watheeq Proptech Venture with the participation of other investors. Founded in 2021 by Hanin Al-Subaie, Darent is a tech startup in the tourism and hospitality sector. It provides real estate property management solutions on behalf of the owners and enables residents to […]
Topics
Dr. Hanin Al-Subaie, Founder and CEO of Darent
Darent, property management platform raised $1 million in a pre-seed round led by Watheeq Proptech Venture with the participation of other investors.
Founded in 2021 by Hanin Al-Subaie, Darent is a tech startup in the tourism and hospitality sector. It provides real estate property management solutions on behalf of the owners and enables residents to list their properties on the platform for daily rental.
“Darent seeks to contribute effectively to this sector by providing a unique travel experience for tourists which maintains the customs and traditions of the local community. As we are striving to provide a variety of residential spaces that meet the needs and requirements of various tourist groups, on one hand, we are keen on creating a safe investment opportunity for our hosts, on the other hand, along with the guidance needed to market their units in the best way possible to achieve excellent additional income at fair rates,” said Hanin Al-Subaie, founder and CEO of Darent.
Darent will be using the funds of the current round to support its expansion and growth locally and regionally, and will further develop its technology ecosystem by providing more comprehensive solutions for tourists and travellers.
“The tourism sector has always been a critical pillar of the Kingdome Vision 2030, and we are pleased to lead the current round and invest in Darent. We are proud that the first investment opportunity for our fund was founded and managed by a Saudi female entrepreneur. The growth achieved by the company in a short period is evidence of the strength of the team and the comprehensive knowledge of the sector, which will enable the company to expand regionally and compete in global markets,” said Khaled Zidan, Managing Partner, Watheeq Proptech Venture.
