Saudi proptech ARK closes $1 million pre-Seed round

  • Saudi Arabia-based proptech ARKTECH has secured a $1 million pre-seed investment round, led by Core Vision Investment.
  • Founded in 2023 by Waheed Al Jassas, ARKTECH focuses on providing secure and lucrative returns on real estate investments.
  • The funding aims to enhance ARKTECH’s position as a leading utility contract trading platform and to expand its technology-enabled investment services.
  • CEO Waheed Al Jassas emphasized the investment’s potential to improve savings, investment, and inflation hedging in the utility contracts sector.
  • Core Vision Investment’s CEO, Faisal Abdul Salam, expressed confidence in ARKTECH’s business model and its impact on the real estate investment market in Saudi Arabia.

Saudi proptech ARK closes $1 million pre-Seed round

  • Saudi Arabia-based proptech ARKTECH has closed a $1 million pre-Seed investment round, led by Core Vision Investment.
  • founded in 2023 by Waheed Al Jassas, ARK ensures lucrative returns on real estate investments.
  • This investment will further strengthen ARK’s position as the leading utility contract trading platform and expand its services to offer innovative tech-enabled investment options.

Press release:

Saudi proptech ARKTECH has successfully closed its pre-seed investment round of $1 million led by Core Vision Investment. This investment will further strengthen ARKTECH’s position as the leading utility contract trading platform and expand its services to offer innovative technology-enabled investment options.

On this occasion, Mr. Waheed Al Jassas, founder and CEO of ARK, expressed that this investment, especially in the field of utility contracts, will enhance the concept of saving, investing and hedging against inflation. It also provides innovative and reliable solutions in property technology (proptech), ensuring the achievement of lucrative returns in a safe and reliable environment for all transactions.”

Mr. Faisal Abdul Salam, CEO of Core Vision Investment, expressed his confidence in the success of the company’s business concept to improve the investment landscape in the Kingdom’s utility contracts trading, praising the team’s ability and specialisation in developing proptech solutions that meet customer needs, given the size of the real estate investment and utility contracts market.

Here is the information extracted from the provided article:

Funds

  • Core Vision Investment – Led the investment round

Investors

  • Core Vision Investment

Startup

  • ARKTECH (referred to as ARK)

Founders

  • Waheed Al Jassas – Founder and CEO of ARKTECH

Fundraise Series

  • $1 million pre-Seed round

Summary

ARKTECH, a Saudi Arabia-based proptech company founded by Waheed Al Jassas in 2023, has raised $1 million in a pre-Seed investment round led by Core Vision Investment. The investment aims to enhance ARKTECH’s utility contract trading platform and expand its tech-enabled investment options.

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