UAE Proptech Huspy Raises $59 Million in Series B

Led by Jad Antoun(CEO), Michael Kostadinovich(CTO), Ziad A. Nassar(Deputy CEO), David Rodrigo(Chief Design Officer), Yamini Batra(Head Of Marketing), and others, Huspy raised $59 million in Series B led by existing investor Balderton Capital and Peak XV and saw participation from ExBorder Partners, Turmeric Capital, BY Ventures, Dara Management, and KE Partners, as reported in TechCrunch.

The new funding will support Huspy’s growth in the UAE and Spain, and enable expansion into Saudi Arabia.

Huspy has rapidly scaled by capturing 30% of the UAE mortgage market, including 25% in Dubai. Its exclusive banking partnerships laid the foundation for expansion into Spain, where it operates a network-based model. Freelance agents use the platform to access leads and tools, while integrated mortgage products streamline transactions, offering a low-overhead, Uber-like approach to real estate.

Huspy aims to expand into over 10 cities by the end of 2025, with plans to launch across major hubs in Europe and the Middle East over the next four years, regions currently experiencing a surge in proptech activity.