Home News UAE’s Huspy Closes New Investment Round

UAE’s Huspy Closes New Investment Round

The new undisclosed investment is set to help Huspy to further expand in Europe.

By Inc.Arabia Staff
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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]

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