Saudi-based Mnzil has announced the closing of its $11.7 million Series A funding round, led by Founders Fund with participation from COTU.

More to Know:

– Mnzil focuses on providing shared housing solutions for workers across Saudi Arabia.
– The company is expanding its services by developing land designated for worker accommodations in partnership with landowners.
– This round marks Founders Fund’s first-ever investment in Saudi Arabia.
– Mnzil was founded in 2024 by Abdulmajeed AlBabtain and Abdulrahman AlShaya.