Huspy, the UAE-based proptech company, today announced the close of a $59 million Series B funding round, led by Balderton Capital, with participation for a third time from Peak XV (formerly Sequoia Capital India and Southeast Asia), as well as ExBorder Partners, Turmeric Capital, BY Ventures, Dara Management, and KE Partners.
More to Know:
- Huspy was co-founded by Jad Antoun, Ziad A. Nassar and Khalid Ashmawy in 2020.
- Aims to facilitate home-buying experiences in the Middle East and Europe.
- It offers technology, commissions and infrastructure to real estate agents and mortgage brokers, while providing homebuyers with seamless access to mortgages, properties and related services.
- Currently operates in the UAE and Spain, with plans to expand to 6 additional Spanish cities and launch in Saudi Arabia in 2025.
- According to its statement, it facilitates over $7 billion in annual real estate transactions across Europe and the Middle East.
- In 2022, it closed a $37 million Series A round led by Peak XV.
Related Comments:
- Jad Antoun, Co-Founder and CEO of Huspy, stated, “We are building a global business with the goal of being present in the majority of European and Middle Eastern cities. We aim to provide the best infrastructure for real estate agents and mortgage brokers, enabling them to grow their businesses and serve home buyers and sellers in the best way possible. After 4 years of investing in our systems, we are now able to operate with a lot of agility, allowing us to expand the business at a high growth rate for years to come”.