Funding of $9 Million in Series B secured for revolutionizing the home purchase process
In an ambitious move to revolutionise the residential real estate financing sector, proptech company Huspy has announced its plans to expand its operations in Europe and the Middle East, following a successful $59 million Series B funding round.
Lead by Balderton Capital and Peak XV Partners, along with several other investors, the funding will fuel Huspy's fast-track expansion, with a clear focus on entering six new Spanish cities and launching operations in Saudi Arabia by the end of 2025. This move will significantly increase Huspy’s global footprint, adding these locations to its existing hubs in Madrid, Valencia, Dubai, and soon Riyadh.
Jad Antoun, Co-Founder and CEO of Huspy, expressed his company's ambition to become a dominant player in the residential real estate financing market beyond the UAE. The funding will be used to build a comprehensive real estate and mortgage infrastructure platform, empowering agents, brokers, and buyers with advanced technology and streamlined workflows.
The expansion in Spain is driven by Huspy's hypergrowth in the country, with a 20x year-on-year increase in 2024. Simultaneously, Saudi Arabia represents the company’s next step in Middle Eastern market expansion, with active hiring underway for roles focused on technology and regional growth to support the upcoming Saudi launch.
Huspy's mortgage unit currently holds the largest market share in the UAE, processing over 25% of home financing in Dubai. The company's operations in the UAE and Spain facilitate over $7 billion in real estate transactions annually.
Rana Yared, General Partner at Balderton Capital, expressed her pleasure in renewing their partnership with Huspy by leading this round. Balderton Capital believes that Huspy is building technology that modernises real estate and mortgage businesses, allowing brokers to reap substantial efficiency gains that translate into serving more clients, better.
As part of its expansion strategy, Huspy is hiring across various roles, including those focused on technology and regional growth. The company aims to empower real estate agents and mortgage brokers by offering high commissions and advanced technology, with the goal of providing the best infrastructure for these professionals to grow their businesses and serve home buyers and sellers effectively.
With this significant investment, Huspy is poised to scale aggressively in key European markets, particularly Spain, and establish a strong regional presence in Saudi Arabia by 2025, accelerating growth and operational agility across both regions.
Huspy, with the secured $59 million Series B funding, aims to invest in advanced technology for building a comprehensive real-estate and mortgage infrastructure platform, extending its operations beyond the UAE and into European markets like Spain and the Middle East, such as Saudi Arabia. This expansion is driven by the company's success in residential real-estate financing, including processing over 25% of home financing in Dubai and facilitating over $7 billion in annual real-estate transactions. The company is also venturing into investing in technology and regional growth roles as part of its strategic plan to better serve agents, brokers, and home buyers, positioning itself as a dominant player in the real-estate financing market across Europe and the Middle East.
