Saudi hospitality startup Gathern has raised USD 72 million (SAR 270M) in a Series B round led by PIF-owned Sanabil Investments, with participation from Endeavor, Pinnacle, Nuwa Capital, and STV. The funding round valued Gathern at over USD 266 million (SAR 1B), marking a key step toward its anticipated Tadawul listing.
Founded to reshape the alternative hospitality sector in Saudi Arabia, Gathern enables travelers to stay in privately managed homes hosted by locals, creating authentic cultural experiences while boosting host incomes. The platform now manages 72,000 hospitality units across 200+ cities, accounting for nearly 15% of Saudi Arabia’s lodging supply, and has already generated over SAR 2 billion in payouts to 33,000 Saudi hosts.
The fresh funds will fuel Gathern’s expansion across Saudi Arabia and the wider region, with a focus on inbound tourism, long-term stays, and AI-driven tech solutions to enhance guest experiences.
Gathern’s $72M Series B not only strengthens its market position but also underscores Saudi Arabia’s push to diversify its economy through tourism and digital platforms.
