Stake, Dubai-based digital real estate investment platform, raised $8m in a pre-series A funding round. The round witnessed participation from MEVP, BY Ventures, and Vivium Holding and Combined Growth Real Estate.
The startup plans to invest the raised fund in advancing its product and technology, upscaling its brand, and expanding operations within the region with the vision of enabling a borderless, liquid, and accessible market for quality real estate investments.
The region’s real estate surge has motivated Stake to enter two more markets by 2023: Saudi Arabia and Egypt. The startup “aims to direct the Kingdom’s proactive investors and encourage young Egyptians to tap into the rapidly growing asset class created in their domestic markets,” according to their press statement.
The startup is also heading towards recruiting new talent and doubling the team size in its expansion markets.
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