Dubai-based platform for short-term rentals coming out of stealth Silkhaus raised $7.75 million in seed funding from Venture capital firms including Nuwa Capital, Nordstar, Global Founders Capital, Yuj Ventures, Whiteboard Capital and VentureSouq where international family offices and proptech founders also participated.
After discovering a $13 billion market opportunity for asset owners in emerging markets, particularly in the Middle East, North Africa, and South and Southeast Asia, Silkhaus last year. It intends to use this money to expand throughout MENA, Southeast Asia, and South Asia. In order to manage distribution, pricing, revenue management, and full coverage in the digital space, Silkhaus acquires rental properties from asset owners (currently in Dubai). Among the approximately 60 different distribution channels Silkhaus employs is Airbnb.