Wamda

Pinnacle increases stake in Saudi hospitality startup Gathern

Saudi investment firm Pinnacle Capital, through its Pinnacle Growth & Secondary Fund, has made an additional investment in Saudi alternative accommodation platform Gathern, increasing its ownership in the company. The transaction value and Pinnacle's resulting stake were not disclosed. Founded in 2016 by Latifah Altamimi, Gathern operates an alternative accommodation marketplace in Saudi Arabia, connecting travellers with locally hosted properties including apartments, villas, chalets, farms and

By Wamda

1 min read
Pinnacle increases stake in Saudi hospitality startup Gathern
Pinnacle increases stake in Saudi hospitality startup Gathern

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