Silkhaus, a Dubai-based proptech startup transforming the short-term rental market across the Middle East and Asia, has successfully closed a multi-million-dollar pre-Series A funding round from San Francisco-based Partners for Growth (PFG).

As part of the agreement, Silkhaus also gains access to an additional multi-million-dollar credit facility to support its expansion efforts.

Headquartered in Dubai, Silkhaus is developing technology-driven solutions for the global short-term rental industry, which is valued at over $100 billion. The platform provides asset owners with cutting-edge infrastructure tools to optimize property management and maximize revenue. On average, property owners using Silkhaus earn 20-40% more than through conventional rental models.

Silkhaus collaborates with a wide range of real estate owners, from large institutional investors managing extensive portfolios to individual property owners with single apartments. By leveraging technology, the company offers end-to-end property management solutions, handling everything from bookings and distribution to operations and guest experience.

Since its founding in 2021, Silkhaus has welcomed guests from over 120 countries. In 2022, the company secured $7.75 million in funding from global investors.