AtarCloud Raises $1.3 Million in Seed Round

by Kay Aloha Villamor in December 27th, 2022

AtarCloud, a Saudi Arabia-based proptech has closed a $1.3 million seed investment round with the participation of BIM Ventures along with angel and institutional investors from the Investors’ Mine Group. 

AtarCloud expects to grow by over 50 per cent over the coming years.

On this occasion, Haseeb Mohammad, Founder and CEO, stated: “We’re proud to be enabling property owners and real estate developers in setting the new standard in property management in Saudi Arabia. We focus on providing the right tools and features not only to our customers, but also their customers, and this has been a key success factor for us throughout the journey.”

AtarCloud has entered the property management market at a time when real estate developers are competing to develop integrated communities in response to end consumers looking for properties that offer an improved living experience.

Company: Atar Technologies LLC.

Raised: $1.3M

Round: Seed Round

Funding Month: December 2022

Lead Investors: 

Additional Investors: BIM Ventures

Company Website: https://www.atarcloud.com/

Software Category: Residential Property Management 

About the Company: Founded in 2021 by Haseeb Mohammad and co-built with BIM Ventures, AtarCloud is a SaaS solution that simplifies property management and elevates the living experience. It provides a multi-platform, multi-interface system that allows all stakeholders to interact in a user-friendly manner and caters to all their property-related needs. AtarCloud envisions digitally transforming properties into integrated, liveable communities with a high focus on the end-user experience. The platform targets property owners and real estate developers and provides them with tools to streamline their property management activities, including basic operations such as digital onboarding, service ticket management, and payments, as well as a range of engaging features including sending announcements, organizing events, or providing exclusive offers to residents.

Source: https://www.wamda.com/2022/12/atarcloud-raises-1-3-million-seed-round



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