UAE-based proptech Takeem has announced a significant investment from REACH Middle East, a prominent accelerator program. Backed by Second Century Ventures, the investment arm of the US National Association of Realtors, this funding marks a major milestone. The capital will fuel the expansion of Takeem's innovative rental guarantee and risk intelligence platform across the region.
A Strategic Partnership for Proptech Advancement
The investment was facilitated through REACH Middle East, the regional division of a globally recognized scale-up program for technology firms. REACH is operated by Second Century Ventures, which is widely acknowledged as one of the world's most active proptech investors. This partnership provides Takeem with access to an unparalleled global network and deep industry expertise.
Modernizing the Rental Ecosystem
Founded in 2023 by Rakesh Mavath and Pooja Vithlani, Takeem directly addresses deep-rooted inefficiencies within rental markets. The platform replaces traditional reliance on trust and paperwork with a data-driven approach to risk and liquidity. Its core mission is to reduce anxiety for both property owners and tenants through technology.
At the heart of Takeem's solution is a proprietary risk intelligence engine combined with a unique rental guarantee model. This system is designed to minimize landlord exposure to defaults while simultaneously improving the predictability of rental yields. It also works to expand tenant access and enhance affordability, creating a more balanced and efficient marketplace.
Demonstrating Rapid Market Adoption
In under a year, Takeem has achieved impressive growth, onboarding more than 55,000 residential units onto its platform. This substantial portfolio represents an annual rental value exceeding AED 5 billion, showcasing strong institutional confidence. Following this success, the company is now strategically expanding into the B2C market to serve smaller landlords.
Leadership Vision and Industry Acclaim
The company's disruptive model has already earned multiple industry awards, cementing its status as a market leader. Takeem was honored as the Most Advanced App at the Create Apps Award under the patronage of HH Sheikh Hamdan. It also secured titles such as Startup of the Year at the Tech Innovation Awards.
Rakesh Mavath, Co-founder and CEO, emphasized that Takeem makes rent "reliable, measurable, and scalable." Dave Garland, Managing Partner at Second Century Ventures, noted that Takeem fits squarely within their vision of building tomorrow's real estate infrastructure. This shared vision highlights the platform's potential for global relevance beyond a single market.
Siddiq Farid, Managing Director at REACH ME, praised Takeem for its deep understanding of regional market dynamics. He highlighted that the platform was purpose-built for the GCC but designed with the capacity to scale globally. Through the REACH program, the goal is to help build more trust and confidence in the rental ecosystem.
This strategic investment from REACH Middle East serves as a powerful endorsement of Takeem's vision and technology. With proven market traction, strong leadership, and the backing of a global real estate powerhouse, the company is well-positioned for its next growth phase. Takeem is poised to redefine rental market standards, driving greater efficiency and security for stakeholders across the UAE and beyond.