UAE Proptech Huspy Raises $59M to Expand Europe, Middle East

Huspy, a UAE-based proptech company revolutionizing the home-buying and mortgage process, has raised $59 million in a Series B funding round led by Balderton Capital to fuel its expansion in the Middle East and Europe. The startup, founded in 2020, has captured significant market share in the UAE—processing over 25% of residential home financing in Dubai—and expanded into Spain, where it is among the top three real estate firms by transaction volume in Valencia. With this new funding, Huspy plans to enter the Saudi Arabian market and launch in six additional Spanish cities by the end of 2025, aiming to operate in over ten cities across Europe and the Middle East over the next four years. Huspy’s success is credited to its platform-based model that connects freelance agents with vetted leads and its partnerships with major banks to provide digital mortgage pre-approvals, reducing friction for buyers and brokers. Despite challenges in the proptech sector globally, Huspy’s efficient, scalable strategy and innovations, including AI tools for brokers, have enabled it to thrive and facilitate over $7 billion in real estate transactions annually. CEO Jad Antoun emphasizes that the company's deep understanding of the mortgage market and agile technology systems position it well for continued high growth and international expansion.