Articles > Saudi Proptech Mnzil Secures $11.70M Investment Round
Saudi Proptech Mnzil Secures $11.70M Investment Round
By KlickAnalytics Data Insights | November 26, 2025 11:54AM ET
- Saudi proptech startup Mnzil raises $11.70 million in a Series A funding round led by Founders Fund
- The investment will be used to scale the company's presence by developing worker-housing buildings
- Mnzil, founded in 2024, has expanded to over 13 cities and serves more than 100 corporate clients
Saudi Arabian proptech startup Mnzil has successfully secured $11.70 million in a Series A funding round led by the US-based Founders Fund, with additional participation from COTU Ventures. This new injection of capital will enable the startup to expand its operational footprint, with plans to develop new worker-housing buildings on a 22,000-sqm site.
Established in 2024 by Abdulmajeed Al Babtain and Abdulrahman Al Shaya, Mnzil has experienced rapid growth, now spanning over 13 cities and offering integrated housing solutions tailored to the specific needs of companies across various sectors. With a client base of more than 100 corporations, including prominent names like Smasco, EFSIM, Barq, and Sixt, Mnzil has positioned itself as a leader in the Saudi proptech sector.
This funding round marks Founders Fund's first investment in Saudi Arabia, underscoring the increasing international investor confidence in the Kingdom's evolving service and infrastructure sectors, driven by the Vision 2030 initiative. The investment in Mnzil reflects a vote of confidence in the company's innovative approach to labor housing solutions and its potential for further growth and impact in the market.
- The investment will be used to scale the company's presence by developing worker-housing buildings
- Mnzil, founded in 2024, has expanded to over 13 cities and serves more than 100 corporate clients
Saudi Arabian proptech startup Mnzil has successfully secured $11.70 million in a Series A funding round led by the US-based Founders Fund, with additional participation from COTU Ventures. This new injection of capital will enable the startup to expand its operational footprint, with plans to develop new worker-housing buildings on a 22,000-sqm site.
Established in 2024 by Abdulmajeed Al Babtain and Abdulrahman Al Shaya, Mnzil has experienced rapid growth, now spanning over 13 cities and offering integrated housing solutions tailored to the specific needs of companies across various sectors. With a client base of more than 100 corporations, including prominent names like Smasco, EFSIM, Barq, and Sixt, Mnzil has positioned itself as a leader in the Saudi proptech sector.
This funding round marks Founders Fund's first investment in Saudi Arabia, underscoring the increasing international investor confidence in the Kingdom's evolving service and infrastructure sectors, driven by the Vision 2030 initiative. The investment in Mnzil reflects a vote of confidence in the company's innovative approach to labor housing solutions and its potential for further growth and impact in the market.
Disclaimer: the above is a summary showing certain market information. KlickAnalytics is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from various resources and more. Communications displaying market prices, data and other information available in this post are meant for purely for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.