UAE - Sharikat Mubasher: Emirati proptech startup Silkhaus raised a pre-series A funding round from the US-based Partners for Growth (PFG), the startup announced in a statement without revealing the round’s volume.

As per the agreement with PFG, Silkhaus will have access to an additional multi-million-dollar credit line to support its expansion plans.

Silkhaus leverages cutting-edge technology to provide end-to-end property management solutions for short-term rentals, managing every aspect from bookings to distribution, and from operations to guest experience.

 Aahan Bhojani, Founder and CEO of Silkhaus, said: “We are thrilled to partner with the PFG team as we begin scaling Silkhaus across the GCC with a diversified capital stack and investor base.”

He added that Silkhaus has focused on financial sustainability since its inception and the partnership with PFG is a testament to the company’s strong unit economies.

Meanwhile, Managing Director and Head of EMEA at PFG Armineh Baghoomian, commented: “Silkhaus’ strong fundamentals have put them on the path to success and we are excited to be a part of their growth story.”

Silkhaus' platform empowers property owners with digital tools to monetize and manage their properties as short-term rentals while providing business and leisure travelers with high-quality accommodation experiences.

It is worth noting that Silkhaus raised $7.75 million from global investors in 2022.