UAE proptech Huspy announced the successful closing of another fundraising round from a clutch of investors led by Balderton Capital.
Fifth Wall and several other investors also participated in the latest round of investment, which notched up the startup’s valuation much higher than its first round in 2022, the company said in a media release.
“This strategic investment provides the opportunity to continue implementing Huspy’s plan to develop a ‘Super App’ for the real estate market which will represent a qualitative leap in purchasing real estate in the Middle East, North Africa, and Europe,” it said.
The quantum of capital raised, however, was not disclosed.
Huspy, currently operating in Dubai, Abu Dhabi and Madrid, made a rapid transformation in the real estate sector, becoming the largest company providing real estate loan services in the UAE during its first year.
Balderton Capital, known for leading early-stage rounds for prestigious global companies such as Revolut, is one of the world’s largest digital banks.
Its investment is highlighted as a strong confidence in Huspy’s remarkable successes.
Rana Yared, General Partner of Balderton Capital, said the firm is pleased to collaborate with the Huspy team to help expand the company’s operations in Europe.
“Huspy provides a comprehensive real estate platform that connects all stakeholders, and its products are carefully designed to address key pain points and provide a point of centralized operations for brokers and clients alike,” he said.
Jad Antoun, CEO and co-founder of Hasby said over the past three years, the team has built strong foundations that allow it to continue expanding into Europe and the Middle East.
“Our goal since our establishment has been to build a company that will transform the real estate market in Europe and the Middle East, and we are pleased to partner with Balderton Capital to focus on implementing the upcoming expansion plan in Europe,” he said.
He said Huspy is currently preparing to enter a phase of remarkable growth based on its vision to become the largest real estate purchasing company in Europe and the Middle East, by providing a comprehensive real estate application.
The company also intends to expand its operations in various Spanish cities, in addition to expanding into the Gulf and Europe.
Follow us on
