- $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.
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Expansion plans include attracting international visitors, catering to long-term stays, and leveraging AI to enhance the platform’s technology and user experience.
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.
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.
Redefining Alternative Hospitality in Saudi Arabia
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.
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.
Driving Economic Impact and Vision 2030 Goals
Gathern has injected more than SAR 2B into the Saudi economy, benefiting over 33,000 local hosts who earn consistent monthly income.
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’s position as a global destination.
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.
Strategic Use of Investment
The fresh funding will fuel Gathern’s local and regional expansion, with a strong focus on international tourism and long-term stays.
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.
Record-Breaking Growth
In recent years, Gathern has achieved remarkable growth:
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Over 5 million registered users.
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Guests from 150 different nationalities.
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More than SAR 2B paid out to local hosts.
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500% growth over the past two years.
This new funding marks a defining chapter in Gathern’s journey, reinforcing its readiness for institutional expansion and transparency as it prepares for a potential public listing.
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