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Saudi proptech Aqarito raises $767,000 in crowdfunding round

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Saudi proptech Aqarito raises $767,000 in crowdfunding round
  • Saudi Arabia-based proptech Aqarito has raised $767,000 in a crowdfunding round, through the Scopeer crowdfunding platform.
  • Founded in 2019 by Osama Alayach, Aqarito allows users to browse and preview available properties through virtual reality technologies based on their geographic location.
  • The new funds will be utilised to develop Aqarito’s technologies and expansion into the Egyptian market, after Oman and Jordan.

Press release:

Aqarito, a Saudi-based real estate technology platform raised SAR2.88 million which accounts for almost $767,000 in its latest funding round with the support of 691 investors through the Scopeer crowdfunding platform.

Aqarito was founded in 2019, and it aims to provide a real estate marketplace for buying, selling and renting properties in Saudi Arabia. It also allows owners to display their property easily on the platform, while providing clients with the ability to browse through available properties and search in an easy way by geographical location with the ability to preview properties through virtual reality technologies.

The platform will use the new funds to help develop its technologies, support its expansion in the region after reaching Oman and Jordan, in addition to expanding to the Egyptian market.

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