Ibtikar Fund backs Nabeeh with undisclosed investment
Saudi Arabia-based e-services platform Nabeeh has raised an undisclosed investment from Ibtikar Fund.
Founded in Palestine in 2021 by Saber Samara and Fawaz Samara, Nabeeh is an online platform that allows users to book housekeeping, cleaning services, maintenance, repairs, and renovation services.
With this funding round, Nabeeh aims to double its user base, expand its B2B client portfolio, and introduce new features to its platform.
Press release:
Ibtikar Fund is excited to announce its investment in Nabeeh, a game-changing PropTech startup revolutionising maintenance and cleaning services for property owners, real estate operators, and multi-branch businesses through cutting-edge technology and on-demand innovation. This investment underscores Ibtikar Fund's strategy of supporting innovative and scalable startups that address real market needs and deliver strong returns.
'Nabeeh's impressive growth trajectory and its ability to penetrate key markets like Saudi Arabia reflect its potential to become a dominant player in the maintenance and facility management space,' said Reem Qawasmi, venture partner at Ibtikar Fund. 'We are confident that our investment will help Nabeeh achieve its ambitious goals and deliver significant value to customers and investors alike.'
'Property owners and businesses often struggle with unreliable maintenance and cleaning providers and a lack of transparency. Nabeeh bridges this gap by offering seamless, tech-enabled solutions that prioritise quality, speed, and trust,' said Fawaz Samara, Co-Founder and CEO of Nabeeh. 'As we continue to grow and expand in the Saudi market, this phase enables us to cater to the unique needs of real estate rental platforms, property operators, and multi-branch businesses. Our commitment remains focused on enhancing our platform, delivering innovative on-demand solutions, and providing top-quality services that align with the dynamic demands of our clients.'
Nabeeh: Leading the Future of Maintenance ServicesNabeeh is a cutting-edge PropTech platform revolutionising maintenance and cleaning services for property owners, real estate operators, home appliance companies, and multi-branch businesses. By leveraging innovative technology, Nabeeh simplifies maintenance management, ensuring efficiency, quality, and customer satisfaction.
Key Offerings:
For Real Estate Operators: Streamlined maintenance management with preventive and reactive solutions, analytics, and real-time reporting.
For Multi-Branch Businesses: Centralised management of maintenance requests across branches with scalable and flexible solutions.
For Home Appliance Companies: Efficient handling of warranty-related maintenance and repairs for end customers.
For Service Providers: A dedicated app to manage bookings, communication, and payments with ease.
Nabeeh: Proven Success and Market Leadership
Nabeeh was founded by Fawaz Samara (CEO) and Saber Samara (COO), both seasoned professionals with extensive experience in facility management and real estate operations. Together, they have built a platform that combines advanced technology with deep industry expertise, offering innovative solutions that meet the needs of property owners, businesses, and service providers alike.
Since its launch in 2021, Nabeeh has maintained 300% year-on-year growth in user base and a 95% client satisfaction rate. The company now operates in six major cities across Saudi Arabia, with over 20,000 app downloads by property owners, dozens of B2B clients, and partnerships with hundreds of service providers.
With this funding round, Nabeeh aims to double its user base, expand its B2B client portfolio, and introduce new features to its platform, including predictive maintenance capabilities. These advancements are set to solidify Nabeeh's position as a leader in the PropTech sector and a driving force in the transformation of the region's booming real estate sector.
This milestone marks a crucial step in Nabeeh's mission to redefine maintenance and facility management, focusing on delivering unmatched quality, efficiency, and innovation to its clients and partners.
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