AtarCloud Saudi Arabia raises $1.3 million in seed round

Saudi Atar Cloud platform raised $1.3 million with participation of business development manajem BIM Ventures, a series of investment firms and angel investors of the manajem group of investors.

The platform was established in 2021 and aims to provide software-as-a-service solutions with the aim of promoting the digital transformation of residential properties into integrated communities.

The platform is aimed at property owners and property developers and provides them with the tools they need to facilitate their property management operations, including basic operations such as electronic delivery of property units, management of services and bill payments, as well as other benefits such as sending advertising, organizing events and sending offers to residents.

Atar Cloud entered the property management market at a time when real estate developers compete to develop integrated residential communities in response to growing tenant demand for properties that offer an exceptional residential experience.

Haseeb Mohammed, founder and CEO, said, “We are proud to enable property owners and developers to raise the standards of property management and residential communities in the Kingdom of Saudi Arabia. We always focus on providing valuable solutions to our customers, with a particular attention to the needs of the final beneficiary, and this is one of the most important indicators of our success”.

For his part, Rayan Al-Sharif, partner at Business Development Mine, said, “We are proud of what Atar Cloud has presented, which has shown great success in redefining property management and residential communities in Saudi Arabia, and this result is in line with our studio approach specialized in building qualitative companies and solutions in collaboration with creative founders”.

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