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Saudi proptech startup Ajras raises $1.5m

Saudi proptech company Ajras has raised US$1.5 million in a pre-Series A funding round led by Veda Holding. The investment was announced on Mar.11, 2025.

Founded in 2022 by Muath Aljubailan, Ajras provides financing solutions for rent payments. It focuses on commercial and industrial properties.

The startup is based in Riyadh and is licensed by the General Authority for Real Estate. It has recently launched a “Rent Now, Pay Later” program.

In Nov. 2023, Ajras completed a seed funding round. It raised approximately US$28 million from lead investor Madarek International.

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