Skift Take
To meet the tourism objectives of Middle Eastern destinations, it's crucial to have affordable accommodation options. That's where short-term rentals come into play.
United Arab Emirates-based Silkhaus, a tech-based short-term rental platform, has announced raising a "multi-million" pre-series A financing from San Francisco headquartered-Partners for Growth.
The agreement also provides Silkhaus access to an additional multi-million dollar credit line to support its expansion plans, according to a release.
While Silkhaus is not revealing the specific amount of the funding round, they told Skift that the funds will be utilized for expanding in current markets such as Dubai and Abu Dhabi and to enter new markets like