Watheeq Proptech Venture is a venture capital firm established in 2021 and headquartered in Riyadh, Saudi Arabia. The firm is dedicated to investing in innovative startups that utilize technology to transform the real estate industry. Its investment focus spans the entire real estate lifecycle, including sectors such as smart cities, smart buildings, co-working and co-living solutions, climate technology, hospitality technology, real estate marketplaces, fintech, legal tech, analytics, shared economy, virtual and augmented reality, and blockchain applications. Watheeq Proptech Venture is Shariah-compliant and is managed by a team of professionals with over a century of combined experience in real estate, technology, and investment, providing them with extensive knowledge and insight into the market.
Munjz LLC is a mobile application-based company founded in 2017 and headquartered in Dammam, Saudi Arabia. It connects customers with licensed handymen for a variety of household services, including plumbing, electrical work, air-conditioning, cleaning, furniture assembly, and home appliance maintenance. The app serves as an online marketplace for these services, allowing users to access both individual maintenance tasks and comprehensive annual packages for their homes and facilities. By pre-screening professionals, Munjz ensures that clients receive reliable and efficient service for their property management needs.
Holo
Seed Round in 2023
Holo is the Middle East’s first digital property buying platform, transforming the homebuying process with an integrated, end-to-end digital solution. With advanced algorithms, Holo matches customers with the optimal mortgage product tailored to their financial needs and connects them with over 2,500 real estate agents via The Hub. With a user-friendly, 24/7 interface, users can seamlessly apply, upload documents, and track progress on any connected device. Recognized in the 2020 Wamda X cohort, Holo is revolutionizing home financing in the UAE—achieving monthly loan GMV exceeding AED 1 billion.
Rize
Pre Seed Round in 2022
Rize is a PropTech platform transforming rental payments for both residential and commercial properties. With its “Rent Now, Pay Later” service, Rize allows tenants to split their annual rent into manageable installments, which benefits both renters, who can better manage their rental budgets, and landlords, who can reach a larger consumer base and receive their yearly rental payment in advance. By enhancing affordability and flexibility, Rize inherently boosts occupancy rates across the rental market.
Spaceti
Venture Round in 2022
Spaceti is a technology platform that specializes in workplace experience solutions, leveraging artificial intelligence to help corporate and commercial real estate managers consolidate and manage their data effectively. The platform provides a comprehensive tool for building digitization that can function independently or integrate with sensor networks, creating a smart building Internet of Things (IoT) solution. Spaceti emphasizes adaptability and scalability, allowing clients to customize their systems according to specific organizational needs, including options like white-labeling and single sign-on. The platform aims to enhance the interaction between people and indoor environments, thereby improving employee experiences while delivering measurable cost savings. Clients subscribe on a monthly basis based on the number of active users and sensors, and Spaceti supports its services with 24/7 customer assistance, ensuring high-quality and reliable service.
Darent
Pre Seed Round in 2022
Darent is a technology start-up that provides a daily local living experience and real estate property management aims to link local and foreign tourists with local residents by providing daily rental options strives to be the destination and guide for backpackers, travelers who are looking for a journey through which they will live and experience the daily lives of the locals.
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