Dubai-based proptech startup Huspy has secured a remarkable $59 million in its Series B funding round, marking a significant milestone for the company as it aims to revolutionize the home-buying experience across the Middle East and Europe. The funding round, led by Balderton Capital with participation from Peak XV, underscores strong investor confidence in Huspy's vision to digitize and streamline property transactions.
Founded in 2020 by Jad Antoun, Huspy addresses long-standing challenges in the UAE real estate market, such as cumbersome paperwork and pricing discrepancies in mortgage applications. By leveraging technology, the startup offers a seamless digital platform for homebuyers, making the process faster and more transparent.
The fresh capital will be used to double down on operations in the Middle East while accelerating expansion into key European markets. Huspy has already established a presence in Spain and plans to operate in over 10 cities by the end of 2025, including six new cities in Spain and a launch in Saudi Arabia.
Huspy's innovative approach has positioned it as a leader in the proptech space, bridging the gap between buyers, sellers, and financial institutions. The platform not only simplifies mortgage applications but also enhances trust through accurate property listings and data-driven insights.
This funding follows Huspy's successful $37 million Series A round in 2022, led by Sequoia Capital India, which fueled its initial growth in the UAE and Spain. With this latest injection, the company is well-equipped to scale its technology and expand its footprint further.
As the proptech sector continues to gain traction globally, Huspy's growth trajectory serves as a testament to the increasing demand for digital solutions in real estate. Industry watchers are keen to see how the startup will shape the future of homeownership in new markets.
Maria Lourdes
