Gathern, the Saudi-based holiday homes and hospitality, announced that it has secured $72 million (SAR 200 million) in a Series B round, led by Sanabil Investments, with participation from STV, Endeavor Catalyst, Pinnacle Capital, and Nuwa Capital.

More to Know:

• Gathern was founded in 2017 by Latifah Altamimi and Eman Alsuwailem.
• It operates a rental marketplace focused on holiday homes and hospitality solutions across Saudi Arabia.
• The investment will be used for regional expansion and preparing for a potential IPO.
• Gathern’s valuation exceeded $266 million, according to its statement.