• UAE-based Huspy secures USD 59M Series B to expand its proptech platform across the Middle East and Europe.
• The round was led by Balderton Capital and Peak XV, with participation from multiple regional and global investors.
• Funding will support expansion in UAE, Spain, and Saudi Arabia, as well as broader plans across 10+ cities by 2025.

Huspy

What happened? UAE’s proptech Huspy raises USD 59 million in series B funding round. The round was led by Balderton Capital and Peak XV. It also saw participation from ExBorder Partners, Turmeric Capital, BY Ventures, Dara Management, and KE Partners. 

What is next? With the new capital, Husky aims to continue to expand in the UAE and Spain. It also aims to support its launch in Saudi Arabia. 

Why does this matter? The proptech sector has been facing some struggles over the past couple of years. This is because many companies have struggled to maintain valuations and profitability amid higher U.S. interest rates.

Additionally, over the next four years, the company aims to launch in most major cities in Europe and the Middle East. It aims to operate in over 10 cities by the end of 2025.

Proptech

Who are they? Based in the UAE, Huspy provides access to mortgage products and properties by leveraging technology to simplify decision-making and transactions. Furthermore, it aims to simplify property transactions from search to ownership. 

Its main mission is to transform the home-buying experience by providing seamless access to mortgages, properties, and beyond. This includes furniture, fit-out, maintenance, and property management.

How does it work? Huspy runs a network-based model across the UAE and Spain. The network is used by freelance agents to access property leads from marketplaces like property finder and Idealista. Meanwhile, Huspy provides CRM tools, transaction support, and integrated mortgage products through its banking partners.