UAE’s Huspy Closes New Investment Round
The new undisclosed investment is set to help Huspy to further expand in Europe.
UAE-based proptech and digital brokerage startup Huspy has concluded a new round of funding that was led by Balderton Capital, with additional participation from existing investor Fifth Wall and other investors.[1]
The new undisclosed investment is set to help Huspy further expand in Europe.
In 2022, Huspy raised $37 million in a series A round led by Sequoia Capital India, with participation from Founders Fund, Fifth Wall, Chimera Capital, Breyer Capital, VentureFriends, COTU, Venture Souq, and BY Venture Partners.[2]
Founded in 2020 by Jad Antoun and Khalid Ashmawy, Huspy facilitates the home buying and financing process through its online marketplace.
Currently, Huspy facilitates over 25% of all residential mortgages in Dubai and offers home buying and selling services in both the UAE and Spain.
To date, Huspy has processed over AED 22 billion ($6 billion) in home transaction value, assisting more than 13,500 people in achieving homeownership.
In 2021, Huspy secured an undisclosed Seed round led by VentureFriends, with participation from Amir Farha, B&Y Ventures, and Plug and Play, and some regional family offices.[3]