Saudi proptech Ghanem raises $1.5 million pre-seed extension
Saudi Arabia-based proptech startup Ghanem has raised an additional $1.5 million in a pre-seed extension round, backed by real estate companies and strategic angel investors, bringing the round's total to $8.6 million. Its previous $7.1 million financing included participation from Al-Romaih Group, while Waad VC has also invested in the company. Founded in 2025 by Saleh Waheed Al-Ghamdi and Amr…
Saudi proptech startup Ghanem has secured an extra $1.5 million in funding for its fractional real estate ownership platform, bringing its total pre-seed round to $8.6 million. The additional capital, led by real estate firms and strategic angel investors, comes on top of a $7.1 million round that previously included participation from Al-Romaih Group.
Ghanem's CEO and co-founder Saleh Waheed Al-Ghamdi noted that the funds will be used for product development, expanding investment opportunities, and forging strategic partnerships as the company ramps up its fractional ownership services. The startup, founded in 2025, offers individuals and institutions the chance to invest in income-generating properties in Saudi Arabia with entry-level investments starting at SAR 1,000, contingent on the specific opportunity.
Ghanem's platform boasts over a thousand registered users and has already facilitated digital ownership deeds for 580 individuals through its inaugural income-generating investment opportunity. The company has also achieved a significant milestone by signing an agreement for digital integration with Saudi Arabia's Real Estate Registry, which is now live.
This integration allows for the seamless registration of fractional ownership interests and the issuance of deeds to investors.
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