Holo Secures Undisclosed Pre-Series A Funding
The UAE-based proptech will use the funding for expansion in the GCC regions starting with Saudi Arabia.
Holo, a mortgage platform based in the UAE, has announced the completion of an oversubscribed funding round.
"With Series A funding on the horizon, the company, having surpassed targets, decided to extend an opportunity to investors to further invest in the business through a pre-Series A round. The oversubscribed funding round was headed by DFDF and Oryx fund, who reaffirmed its commitment with a third investment, with the addition of Aditum Investment Management Limited," the proptech announced in a statement on its website.
Holo, founded in 2020, by Michael Hunter and Arran Summerhill, with the intention of simplifying home ownership by offering digital mortgage services where current homeowners and potential buyers may consider refinancing options.
Holo intends to use the funds, with an immediate focus on Saudi Arabia, to strengthen its position in the UAE market, increase its staff, and enter other Gulf Cooperation Council regions.