Riyadh - Sharikat Mubasher: Ark, the Saudi property technology (proptech) platform, successfully secured $1 million in a pre-seed funding round led by Core Vison Investment.

This investment, announced on the sidelines of the Global Proptech Summit, will solidify Ark’s position under the slogan “Rent, Save, invest” as it introduces a new concept as the first platform specializing in trading usufruct contracts, a recent statement revealed.

Ark will offer investment options through real estate, technological, and innovative solutions.

Faisal Al-Abdulsalam, CEO of Core Vision, stated that the investment reflects the company’s commitment to bolster investments in trading usufruct contracts in the Kingdom.

Core Vision is an investment firm that aims to foster entrepreneurs by providing invaluable mentorship and strategic connections to help drive meaningful change in the industry.

The Global Proptech Summit took place in Riyadh on 27 and 28 October, gathering the most prominent experiences, major investors, venture capitalists who embrace inspiring ideas, entrepreneurs, and emerging companies in the proptech field.