PRYPCO Raises $10M Seed Funding to Expand Its PropTech Platform

Mahmoud Adi, Shorooq Partners Founding Partner; Amira Sajwani, PRYPCO CEO and Founder

Dubai-based prop-tech startup PRYPCO has raised $10 million in seed funding to expand its operations and enhance its real estate offerings. The funding round, finalized in September, was led by Abu Dhabi's Shorooq Partners, with Dubai’s Apparel Group joining as a strategic partner, among other investors.

PRYPCO's CEO and founder, Amira Sajwani, highlighted that the investment will enable the company to scale its ecosystem and advance its mission of providing "Real Estate Freedom for all." Shorooq Partners' Mahmoud Adi praised PRYPCO's fractional ownership model, which democratizes access to property investment for a diverse range of investors.

PRYPCO offers four main services aimed at simplifying real estate experiences, including its fractional ownership platform, PRYPCO Blocks. This platform, regulated by the Dubai Financial Services Authority, allows investors to digitally invest in Dubai's rental properties, starting at just $544.

Other services include PRYPCO Mortgage, which recently disbursed over $136 million in home loans, PRYPCO Exclusives for property brokers, and PRYPCO Golden Visa, which assists individuals in securing long-term UAE residency.

Founded by Amira Sajwani, daughter of Hussain Sajwani—chairman of DAMAC Properties and the UAE's second wealthiest individual—PRYPCO continues to grow rapidly in the property tech space.

Source: Syed Sadain Gardazi / Forbes Middle East