Syrian digital platform AlMkhtar has closed a $100,000 Seed funding round to accelerate its growth in the country’s real estate and automotive markets. The investment was led by angel investors Rani Abu-Shaar and Abdulah Al-Shamma, with participation from several other angel investors.
Quick Facts
- Funding: $100,000 Seed Round
- Investors: Rani Abu-Shaar and Abdulah Al-Shamma
- Focus: Damascus expansion and product development
- Industry: Proptech, Automotive Marketplace
Digitizing Fragmented Markets
Founded in 2020 by Ayham Ksayer, AlMkhtar operates a digital marketplace that connects property buyers with sellers, landlords with tenants, and vehicle buyers with dealers and private sellers. The platform aims to bring greater structure and efficiency to transactions that are traditionally fragmented.
The new capital will support the company’s expansion across Damascus and neighboring areas. AlMkhtar also plans to use the funds to enhance its platform with new features designed to improve the user experience for both individuals and business clients, which include real estate developers and car dealerships.
A Sign of Confidence in Syria’s Digital Economy
The investment in AlMkhtar suggests growing investor interest in Syrian startups building practical online services. Despite a challenging operating environment, there is strong local demand for more transparent and efficient digital solutions for everyday commerce.
By bringing multiple market participants onto a single platform, AlMkhtar is positioned to simplify complex transactions and build trust. The success of localized platforms like AlMkhtar could encourage further investment into Syria’s emerging tech ecosystem, particularly in startups focused on digitizing traditional sectors.
About AlMkhtar
Founded in 2020 by Ayham Ksayer, AlMkhtar is a Syrian digital marketplace for real estate and automotive services. The platform connects property buyers with sellers, landlords with tenants, and vehicle buyers with dealers and individual sellers, aiming to make transactions more organized, accessible, and trustworthy.
Source: Waya
