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Homegrown hospitality management digital solutions provider Jaras Hospitality closed a SAR 2.5 mn (USD 666k) pre-seed funding round, according to a press release. The fresh capital will be used to improve the company’s 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’t disclosed.
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About Jaras: Founded in 2023 by Ahmed Al Zabidi (Linkedin), 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’ platform. Some of their partners include Glamour Hotel, Holiday Plus, and Tu Jardin.
ALSO FROM STARTUPLAND-
Local startups were the most-funded in the region last month, raising some USD 170.8 mn over 23 transactions in September and accounting for 60% of the total amount raised by MENA startups, Wamda 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’s largest ticket for the month, receiving a SAR 310.8 mn (c. USD 82.8 mn) from Merak Capital.
