Jul 8, 07:37 AM

Dubai Proptech Huspy Raises $59 Million to Accelerate Europe Expansion

Dubai-based proptech firm Huspy has secured $59 million in Series B financing led by long-time backer Balderton Capital, with participation from Peak XV and other existing investors. The fresh capital follows a $40 million Series A completed in 2022 and lifts Huspy’s total funding to roughly $100 million. Founded in 2020, Huspy offers digital tools that link home-buyers, estate agents and banks, aiming to streamline mortgage approvals and property transactions. The company says it now handles about 30 % of mortgage originations in the United Arab Emirates, including a 25 % share in Dubai, and has facilitated more than $7 billion in completed transactions for over 25,000 buyers. Management plans to deploy the new funds to deepen operations in the Middle East and expand further across Europe. Huspy already operates in six Spanish cities—claiming it is among the top three firms in Valencia by transaction volume—and targets launches in Saudi Arabia and additional European markets by the end of 2025. The raise comes as global proptech valuations remain under pressure, but Balderton says Huspy’s asset-light, marketplace model and AI-driven broker tools position it for profitable growth.

#Huspy #Balderton Capital #Peak XV #United Arab Emirates #Dubai #Middle East #Europe #Spanish #Valencia #Saudi Arabia #European #Balderton

Written with ChatGPT .

Dubai Proptech Huspy Raises $59 Million to Accelerate Europe Expansion

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