UAE PropTech Huspy Secures $59 Million Series B for European and Saudi Expansion
The UAE-based property technology company Huspy has successfully closed a significant $59 million Series B funding round. The investment was co-led by the prominent European venture capital firm Balderton Capital and a global VC, Peak XV Partners, and is earmarked to fuel the company's growth in Europe and its expansion across the Middle East, including a planned entry into Saudi Arabia.
By the Numbers
$59 Million: The total value of the Series B funding round.
$7 Billion+: Annual real estate transaction value facilitated by Huspy.
25%+: Share of all residential mortgages in Dubai processed by Huspy.
2020: The year Huspy was founded in the UAE.
A Powerful Platform for Home Buying and Mortgages
Founded in 2020 by Jad Antoun and Khalid Ashmawy, Huspy has rapidly become a dominant force in the UAE's real estate market. The company operates a digital platform that simplifies the entire home-buying journey, connecting buyers with verified property listings, mortgage financing, and agents. Its innovative model relies on a network of independent agents who use Huspy's proprietary technology to serve clients more efficiently, providing them with CRM tools, transaction support, and access to a wide range of mortgage products.
Fueling a Dual-Continent Expansion
This new capital will power Huspy's ambitious dual-continent growth strategy. The company plans to deepen its presence in Europe, where it already operates in several cities in Spain, while simultaneously expanding its core operations in the Middle East. A key part of this regional push is the company's upcoming launch in the Kingdom of Saudi Arabia.
Backed by Leading Global VCs
The leadership of Balderton Capital and Peak XV Partners in this round signals strong global investor confidence in the UAE-born startup's business model and its ability to scale internationally. The round also saw participation from other notable investors such as Founders Fund, Fifth Wall, and regional player BY Ventures.
About Huspy
Huspy is a UAE-headquartered proptech company on a mission to simplify the home-buying process. It has become the UAE's largest mortgage provider by creating a single platform where customers can find and finance their homes faster and more easily than ever before.
Looking Ahead
Huspy's success is a major milestone for the UAE's tech ecosystem, proving that a homegrown startup can build a model that scales effectively in competitive international markets. With this substantial Series B funding, the company is poised to become a defining brand in property technology across both Europe and the Middle East.
Source: Jawlah