The Saudi proptech startup Ajras has successfully raised a $1.5 million pre-Series A funding round, led by Veda Holding.
Founded in 2022 by Muath Aljubailan, Ajras provides unique financing solutions to facilitate rent payments. The startup focuses on commercial and industrial sectors and is licensed by the General Authority for Real Estate. Additionally, it has recently introduced a “Rent Now, Pay Later” solution.
Previously, Agras closed a seed funding round of SAR 105.05 million in November 2023, led by Madarek International.
Veda Holding, based in Riyadh, is a business incubator that supports both startups and established companies by providing the necessary capital for growth.