Huspy's Funding Surge: Shaping the Future of Real Estate Tech

Huspy's Funding Surge: Shaping the Future of Real Estate Tech

By Staff Writer, 25 May 2024

In a significant move for the real estate technology sector, Huspy, a pioneering property technology company headquartered in the UAE, has announced a substantial funding round led by Balderton Capital, with participation from existing investor Fifth Wall and other notable backers.

The investment, which comes at a valuation notably higher than its 2022 Series A round of $37 million led by Peak XV (formerly Sequoia Capital India & SEA), marks a pivotal moment in Huspy’s trajectory as it aims to establish itself as the go-to Super App for real estate in both the MENA region and Europe.

Since its inception in 2020, Huspy has rapidly reshaped the real estate landscape, emerging as the largest mortgage provider in the UAE within its first year of operation and now facilitating over a quarter of all residential mortgages in Dubai alone.

Offering comprehensive end-to-end home buying and selling services in both the UAE and Spain, the company has garnered attention not only for its innovative approach but also for its alignment with the UAE’s vision of attracting top talent to the region.

By attracting over 200 professionals from more than 40 countries to the UAE, Huspy has not only bolstered the local talent pool but has also demonstrated its commitment to fostering innovation within the sector.

Furthermore, the company's ability to secure investment from globally renowned venture capital firms such as Peak XV (formerly Sequoia Capital India & SEA), Founders Fund, and Balderton Capital underscores its potential for further growth and expansion.

Looking ahead, Huspy aims to build on its success by expanding its product offerings to cover all aspects of the real estate journey, from property search to financing and beyond.

With its latest funding injection, the company is poised to further streamline the home buying process and cement its position as a leader in real estate technology innovation.

Source: Trade Arabia

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