- ARKTECH, a Saudi-based proptech, secured $1 million in a pre-seed round led by Core Vision Investment.
- The funding will bolster ARKTECH’s role as a utility contract trading leader, expanding its tech-driven investment services.
- Mr. Waheed Al Jassas highlighted the platform’s potential in supporting investment and hedging against inflation with secure and innovative solutions.
- Core Vision’s CEO, Faisal Abdul Salam, praised ARKTECH’s approach to transforming Saudi Arabia’s utility contracts market and meeting customer needs.
Saudi Arabia-based property technology (proptech) startup ARKTECH recently closed a successful $1 million pre-seed funding round, with Core Vision Investment leading the initiative.
Established in 2023 by entrepreneur Waheed Al Jassas, ARKTECH is focused on transforming real estate investments by ensuring profitable returns through innovative tech-enabled solutions.
Strengthening ARKTECH’s Market Leadership
This investment will significantly bolster ARKTECH’s standing in the proptech industry, enhancing its role as the leading platform for utility contract trading in Saudi Arabia. With this capital infusion, the company plans to expand its offerings to deliver secure, technology-driven investment options.
The startup is positioned to provide reliable solutions that cater to the diverse needs of investors, from safeguarding against inflation to maximizing returns on real estate investments.
Driving Innovation in Utility Contracts and Real Estate Investments
ARKTECH’s unique approach centers on the utility contracts market, allowing investors to save, invest, and hedge effectively.
By integrating advanced technology into the traditionally conservative real estate sector, ARKTECH provides investors with a streamlined, safe environment for real estate transactions.
This focus on utility contracts not only meets market demands but also encourages investment growth by delivering modern, risk-managed solutions in property technology.
A Vision for Saudi Arabia’s Future Investment Landscape
Mr. Waheed Al Jassas, ARKTECH’s founder and CEO, emphasized the impact of this funding on their mission to redefine real estate investment. He envisions ARKTECH’s solutions empowering investors to navigate inflation challenges while ensuring lucrative and secure returns.
The platform’s emphasis on reliability and innovation is crafted to create a beneficial environment for both seasoned investors and new entrants to the Saudi real estate market.
Core Vision Investment’s CEO, Faisal Abdul Salam, expressed strong confidence in ARKTECH’s business model, highlighting its potential to reshape the investment landscape within the Kingdom’s utility contracts and real estate sectors.
He praised ARKTECH’s dedicated team, whose expertise in proptech development has set them apart in meeting the unique needs of investors in Saudi Arabia’s rapidly growing property market.
Through this investment, ARKTECH is poised to expand and innovate, bringing groundbreaking technology solutions that promise to redefine property investments and utility contract trading in Saudi Arabia.
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Last Updated on October 30, 2024 by Safiya K
