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The funding extension
Saudi proptech company Ghanem has raised a $1.5 million pre-seed extension, bringing the round’s total to $8.6 million, Wamda reported on 24 October. Real estate companies and strategic angel investors participated in the extension.
The earlier $7.1 million financing included participation from Al-Romaih Group, while Waad VC has also invested, according to the report. The round total is funding raised, not company revenue, property assets or a disclosed valuation.
The company’s operating claims
Ghanem says the money will support product development, a wider selection of property opportunities and partnerships. It operates a fractional ownership model for income-generating Saudi properties.
The company reports issuing digital ownership deeds to 580 participants in its first property opportunity and activating integration with the Real Estate Registry. These milestones are attributed company claims carried in the source, not an independent audit of each investor’s deed, payment or return.
Keep the regulatory scope clear
The report says Ghanem launched the product inside the Real Estate General Authority’s regulatory sandbox. Testing under that environment should not be presented as an unrestricted permanent licence or a guarantee against investment loss. The announced investment minimum depends on the opportunity, and this summary does not recommend an offering. Prospective investors would need current product documents and their own assessment of legal, liquidity and property risks.
Source
Original summary based on Wamda news report and company press release: source report. This is attributed secondary reporting, not an interview or on-site report by Middle East Icons. Announced plans, estimates and targets are not completed outcomes. Figures reflect the dated source, not live market data.
