Mnzil
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| Private | |
| ISIN | 🆔 |
| Industry | Proptech, Real estate |
| Founded 📆 | 2024 |
| Founder 👔 | Abdulmajeed Al-Babtain, Abdulrahman Al-Shaya |
Area served 🗺️ | Saudi Arabia |
Key people | Abdulmajeed Al-Babtain (CEO) |
| Services | Workforce accommodation, corporate catering, logistics, transportation |
| Members | |
Number of employees | |
| 🌐 Website | mnzil |
| 📇 Address | |
| 📞 telephone | |
Mnzil is a Saudi Arabian property technology company headquartered in Riyadh. Founded in 2024, the company provides end-to-end workforce housing, catering, and corporate transportation solutions for businesses and individuals operating in Saudi Arabia. It operates a managed network of accommodations designed to align corporate infrastructure with standard modern living regulations.[1]
The company is notable for securing the first-ever lead investment in Saudi Arabia by the American venture capital firm Founders Fund.[2]
History
Mnzil was co-founded in 2024 by Abdulmajeed Al-Babtain and Abdulrahman Al-Shaya to digitalize and streamline corporate workforce accommodations in Saudi Arabia, moving away from fragmented, legacy real estate models.[1]
Initially launching in major urban centers, the company scaled its operations across more than 13 Saudi cities within its first two years of operations, managing a network of over 60 fully equipped facilities.[2]
In November 2025, Mnzil raised $11.7 million (SAR 44 million) in a Series A funding round. The round was led by the United States-based venture capital firm Founders Fund, marking the fund's initial investment into the Saudi Arabian startup ecosystem. COTU Ventures also participated in the round.[1] Following the funding round, the company announced the acquisition and partnership development of a 22,000-square-meter site to construct six new standard-compliant worker housing facilities.[2]
Services and operations
Mnzil is a workforce services provider specializing in integrated labor housing, catering, and daily transportation logistics. The company's core operations center on supplying move-in-ready accommodations, meal programs, and coordinated transit for worker forces. These services are provided across multiple market segments, accommodating large corporations, small and medium-sized enterprises (SMEs), and individual clients or independent workers.[1]
To maintain its housing inventory, Mnzil partners with local landowners using property technology (proptech) frameworks to renovate and upgrade existing facilities. This infrastructure optimization is designed to ensure the properties comply with national labor laws and municipal regulatory standards mandated by the Ministry of Municipalities and Housing under Saudi Arabia's Vision 2030 program.[3]
In addition to its physical service fulfillment, the company provides a digital marketplace platform as an ancillary feature. This online interface functions as a quick-booking utility, allowing both corporate businesses and individual consumer accounts to search available facilities, customize booking metrics like check-in dates or bed counts, and instantly secure workforce packages.[4]
The company caters to various market segments, including industrial, retail, logistics, and hospitality sectors, serving over 100 corporate clients.[1] Its clientele includes major regional entities such as Saudi Manpower Solutions Company (SMASCO), EFS Facilities Services, Barq, and Sixt.[2]
References
- ↑ 1.0 1.1 1.2 1.3 1.4 "Saudi proptech Mznil closes $11.7 million Series A". Wamda. November 25, 2025. Retrieved July 10, 2026.
- ↑ 2.0 2.1 2.2 2.3 Ismail, Ghada (November 25, 2025). "Mnzil raises $44mn in series a led by Founders Fund". Sharikat Mubasher. Retrieved July 10, 2026.
- ↑ "Worker Housing Regulation in Saudi Arabia". Ministry of Municipalities and Housing. Retrieved July 10, 2026.
- ↑ "Mnzil - Smarter Worker Housing Solutions". Mnzil Official Website. Retrieved July 10, 2026.
External links
This article "Mnzil" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Mnzil. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
