Airbnb Digs Deeper Into the Affordable Housing Issue

January 18th, 2024 at 7:00 AM EST

Photo Credit: Dubai, United Arab Emirates. Source: Unsplash Unsplash / Unsplash

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What down market? These short-term rental startups just raised multimillion dollar rounds.

Happy Thursday, folks! Hope you’re having a great week so far. Has it been as busy for you as it’s been for us? Today our lead item comes all the way from the Middle East. Asia Editor Peden Doma Bhutia brings funding news, linking the UAE and San Francisco. Also on the agenda today is Airbnb’s new housing council – Executive Editor Dennis Schaal has the deets.

Alright, let’s go:

Silkhaus’ multi-million dollar funding Airbnb’s housing council Overmoon’s $80 million debut Silkhaus’ New Money

Silkhaus, a short-term rental platform based in the United Arab Emirates, has secured a "multi-million" dollar pre-series A financing from San Francisco venture firm Partners for Growth.

Founded in 2021, Silkhaus had raised $7.75 million in 2022, and it was considered one of the largest seed rounds in the Gulf region. The startup anticipates a market opportunity of $18 billion by 2026 across the Middle East and North Africa, Sout

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Airbnb Digs Deeper Into the Affordable Housing Issue

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