Huspy, a property technology company based in the UAE, has announced a new funding round led by Balderton Capital, with additional participation from existing investor Fifth Wall and other investors, according to Trade Arabia.
The amount raised in this round significantly exceeds the company’s 2022 Series A funding of $37m, which was led by Peak XV, previously known as Sequoia Capital India & SEA.
Founded in 2020, Huspy has swiftly become the UAE’s leading mortgage provider, facilitating over 25% of all residential mortgages in Dubai within its first year. The company offers comprehensive home buying and selling services across the UAE and Spain.
The newly acquired funds will be used to develop a SuperApp for real estate, aiming to revolutionise property buying in the MENA region and Europe. Huspy also focuses on attracting top talent to the UAE and has successfully brought in over 200 professionals from 40 different countries, enhancing the local talent pool.
Huspy CEO and co-founder Jad Antoun said, “Over the last three years, we’ve established a strong and defensible business in the UAE and we believe we have the foundations today for a European and Middle Eastern expansion. We are incredibly happy to partner with Balderton Capital, to focus on a European rollout.”
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