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MENA’s Most Funded Proptech Startups in 2024: Funding Higlights
The MENA region's real estate sector is experiencing a profound digital transformation. The MENA’s most funded proptech startups in 2024 collectively secured millions to revolutionize everything from property marketplaces to construction technology, marking a 35% increase from 2023 levels.
This funding surge reflects growing market confidence in digital solutions that streamline real estate transactions, enhance tenant experiences, and optimize construction efficiency. From intuitive house-hunting platforms to sophisticated construction management systems, proptech is rapidly emerging as one of the region's most promising sectors.
MENA’s Most Funded Proptech Startups in 2024: The Champions
The year showcased an impressive blend of established players and innovative disruptors leading this transformation:
- Property Finder secured US $90 million in debt financing, bringing its total funding to an impressive US $232 million, a powerful endorsement of its market leadership.
- Keyper raised US $34 million through seed funding and debt financing (total: US $40.5 million), revolutionizing landlord-tenant relationships through automation and real-time data solutions.
- Agora secured a US $34 million Series B round, transforming portfolio management for real estate investors seeking structured growth opportunities.
- Tenderd attracted US $30 million in Series A funding to optimize equipment logistics and efficiency for construction contractors.
- Perfect Vision completed the top five with its first disclosed raise of US $20 million, establishing itself as a significant construction technology innovator.
Beyond Construction: Building Digital Foundations
MENA's real estate ecosystem is rapidly embracing technology not as a peripheral addition but as a fundamental cornerstone. From digitizing property searches to transforming entire construction workflows, these startups are constructing the infrastructure for tomorrow's urban environments.
The 2024 funding patterns reveal an industry embracing tools that accelerate transactions and enhance transparency across the real estate value chain. Looking ahead, we may witness increased M&A activity (such as Bayut's rumored acquisition discussions) and potential IPOs, with Property Finder potentially entering public markets by 2026 or sooner.
If current momentum continues, these leading MENA’s most funded proptech startups in 2024 are just beginning their journey to reshape the region's real estate landscape.
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MEAPT PropTech Review 2024
The real estate industry across the Middle East, Africa, Pakistan, and Turkey (MEAPT) is undergoing a digital transformation. Proptech (property technology) is revolutionizing how properties are designed, built, bought, and managed. Big names in the area, like Dubai’s Property Finder for example, has raised over $232M, evolving into the region’s first unicorn. Additionally, players like Ejari, Rize, PRYPCO, and Holo are tackling rent flexibility, mortgages, and digital transactions with their innovative solutions. Lucidity Insights’ MEAPT Proptech Review 2024 highlights key trends, rising startups, and the sector’s rapid growth. The MEAPT Proptech market, valued at $816.8M in 2022, is projected to hit $2.14B by 2030, driven by urbanization, housing shortages, and capital inefficiencies.
