Dubai-based proptech company Huspy has raised US$59 million in a Series B funding round, led by existing investor Balderton Capital.
Other returning investors include Peak XV (formerly Sequoia Capital India and Southeast Asia), ExBorder Partners, Turmeric Capital, BY Ventures, Dara Management, COTU Ventures, and KE Partners.
Headquartered in the UAE with operations in Spain, Huspy supports real estate agents and mortgage brokers through technology and infrastructure that aim to streamline home buying and selling.
The company claims to facilitate over US$7 billion in annual real estate transactions across Europe and the Middle East.
The new funding will be used to support Huspy’s expansion plans in both regions, invest in product development, and hire for strategic roles.
In Spain, where it currently operates in Madrid, Valencia, Alicante, and Malaga, the company plans to expand into six more cities by the end of 2025.
Huspy reported that its real estate business in Spain grew more than 20-fold year-on-year in 2024.
The company also plans to enter Saudi Arabia later this year, bringing its presence to ten cities globally.
Over the next four years, Huspy intends to expand into most major urban markets in Europe and the Middle East.
“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,”
said Jad Antoun, Huspy’s Co-Founder and CEO.
“After four 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.”
In the UAE, Huspy is active in Dubai and Abu Dhabi, where its mortgage division accounts for more than 25% of all residential home financing in Dubai.
To support its expansion, Huspy is recruiting across several functions, with a focus on technology and regional growth. The company operates tech hubs in both the UAE and Spain.
This article first appeared on fintechnews.ae
Featured image credit: Huspy
