The Middle East is experiencing a surge in proptech innovation, with startups developing solutions for smart cities, property management, construction technology, and more. 

This dynamic landscape is attracting significant interest from venture capital funds eager to back the region's most promising proptech ventures. 

Whether you're a founder seeking funding or an industry enthusiast looking to understand the investment landscape, this guide provides a valuable overview of key proptech VCs in the Middle East.

We'll explore the investment focus, stage preferences, and portfolio companies of these funds, offering insights to help you navigate this exciting market and identify potential partners for your proptech journey.

Proptech VC Funds in Dubai

1) Middle East Venture Partners (MEVP):

As one of the largest and most established VC firms in the Middle East, MEVP focuses on early and growth-stage investments in tech companies across the GCC and Levant countries. 

Their portfolio includes Ziina, a fintech startup simplifying money transfers, and Mealplanet, an online marketplace for meal plans, demonstrating their interest in technology-driven solutions that improve everyday life. 

With a strong regional presence and a clear cross-border investment appetite, MEVP could be a valuable partner for proptech startups seeking to scale across the Middle East.

2) Inspire Ventures:

Based in Riyadh, Inspire Ventures invests in seed and early-growth stage companies with a focus on information technology, apps, and sports.

Their portfolio includes Salla, a Saudi-based e-commerce platform, and Gathern, a booking platform for private villas and event spaces. 

While not exclusively focused on proptech, their interest in technology solutions that enhance various aspects of life, including leisure and hospitality, could make them a potential investor for proptech startups targeting these areas.

3) VentureSouq:

VentureSouq operates a large co-investment platform with a global investment portfolio, focusing on FinTech, financial services, and software at the seed to Series B stages. 

Their portfolio includes PostEx, a hybrid of receivables factoring and courier services for e-commerce companies, highlighting their interest in innovative solutions that improve financial processes and logistics. While not solely focused on proptech, their broad investment scope and global reach could be attractive for proptech startups with applications beyond the real estate sector.

4) Vivium Capital:

Vivium Capital is a private family office investing in B2B, SaaS, and FinTech at the seed and pre-seed stages. 

Their portfolio includes Stake, a platform that allows individuals to invest in income-generating real estate deals, demonstrating their interest in proptech solutions that democratize access to real estate investment. 

Their focus on early-stage companies and expertise in real estate could make them a valuable partner for emerging proptech startups.

5) BECO Capital:

BECO Capital is a pioneering early-stage venture capital firm focused on the MENA region and beyond. They have a strong track record of investing in successful tech companies, including PropertyFinder, a leading real estate portal. 

Their portfolio also includes BRKZ, a construction-tech company, and Keyper, a platform that simplifies real estate management.

With their deep understanding of the regional tech landscape and experience in proptech, BECO Capital is a key investor to consider for proptech startups in the Middle East.

6) Consolidated Contractors Company:

CCC, a top construction company in the Middle East, invests in wearables, construction, and IoT at the seed stage. 

Their portfolio highlights WakeCap Technologies, an IoT-based solution for digitizing work sites, demonstrating their interest in proptech solutions that improve safety, efficiency, and productivity in the construction industry.

7) Oqal:

Oqal is a group of young entrepreneurs focused on connecting young people with ideas. They invest in e-commerce, information technology, and marketplaces at the seed to Series A stages. 

Their portfolio includes AlGooru, a tutoring network marketplace, and Letswork, a platform for booking coworking spaces and meeting rooms. While not exclusively focused on proptech, their interest in technology solutions that connect people and facilitate access to services could make them a potential investor for proptech startups with similar goals.

8) Jabbar Internet Group:

Jabbar Internet Group has a strong track record of investing in successful tech companies in the Middle East, including Souq, which was acquired by Amazon. 

They focus on e-commerce, retail, and information technology at the seed to Series A stages. Their portfolio includes Keyper, demonstrating their interest in proptech solutions that improve property management and tenant experiences.

9) Graphene Ventures:

Graphene Ventures is a venture fund with a broad investment focus, including software, e-commerce, and healthcare. 

They primarily invest in seed and Series A rounds, and their portfolio features companies like Datalogz, a BI Ops solution, and Retailo Technologies, a B2B marketplace platform for small and medium-sized retail businesses in the MENAP region.

While their investments are diverse, their interest in technology-driven solutions that improve efficiency and access in various sectors could extend to proptech startups with innovative offerings.

10) Combined Growth Real Estate:

Combined Growth Real Estate is a real estate investment company with a focus on FinTech and real estate. They primarily invest in seed-stage companies, and their portfolio includes Stake, a platform that allows individuals to invest in income-generating real estate deals. This highlights their interest in proptech solutions that democratize access to real estate investment and potentially other innovative financial technologies within the real estate sector.

11) Global Founders Capital:

Global Founders Capital is a global VC firm with a focus on financial services, software, and FinTech. 

They invest in seed to Series A rounds, and their portfolio includes companies like Papaya, a platform for quick and easy payments in restaurants and bars, and Headway, a mental healthcare system provider. 

While their primary focus is on FinTech and software, their broad investment scope and global reach could make them a potential investor for proptech startups with applications in those areas or with strong growth potential.

12) SOSV:

SOSV is a global, deep tech venture capital firm that operates startup development programs like HAX and IndieBio. They focus on investments in biotechnology, healthcare, and software, primarily at the seed stage. 

Their portfolio includes companies like unspun, which creates custom-fit jeans using 3D scanning technology, and Mesa Quantum, which develops chip-scale quantum sensors. 

While their focus is on deep tech, their interest in innovative solutions with the potential for significant impact could extend to proptech startups developing cutting-edge technologies for the built environment.

13) Vivium Holdings:

Vivium Holdings is an investment firm with diverse interests, including real estate, technology, art, and design. They primarily invest in seed-stage companies, and their portfolio includes Keyper, a platform that simplifies real estate management. 

This highlights their interest in proptech solutions that improve efficiency and user experience in the real estate sector.

14) Flat6Labs:

Flat6Labs is the MENA region's leading seed and early-stage venture capital firm, operating renowned startup programs in the region. They invest in software, e-commerce, and apps, primarily at the seed stage.

Their portfolio includes companies like MNZL, which aims to expand access to capital in Egypt, and Yamm, an e-commerce platform offering a unique method for customer refunds. 

Their focus on early-stage startups and their strong presence in the MENA region could make them a valuable partner for emerging proptech companies seeking funding and support.

15) Lama Holding:

Lama Holding is a private investment company with a focus on FinTech and real estate. They primarily invest in seed-stage companies, and their portfolio includes Stake, a platform that allows individuals to invest in income-generating real estate deals. 

This highlights their interest in proptech solutions that democratize access to real estate investment and potentially other innovative financial technologies within the real estate sector.

16) Whiteboard Capital:

Whiteboard Capital is an early-stage investment firm based in India, with a focus on healthcare, financial services, and the internet. 

They invest in seed to Series A rounds, and their portfolio includes companies like EMoMee, which focuses on emotional intelligence development for children, and Jugyah, a technology company transforming the home rental market in India. 

While their primary focus is on healthcare and financial services, their interest in technology-driven solutions with the potential for social impact could extend to proptech startups addressing similar challenges.

17) Signature Developers:

Signature Developers is a Dubai-based development company with a focus on real estate. They primarily invest in seed-stage companies, and their portfolio includes Keyper, a platform that simplifies real estate management. 

This highlights their interest in proptech solutions that improve efficiency and user experience in the real estate sector, particularly within the Dubai market.

18) Nuwa Capital:

Nuwa Capital is an investment platform focused on building relationships between founders and capital. 

They invest in e-commerce, financial services, and FinTech, primarily at the seed stage. Their portfolio includes companies like Usersdot, which uses data science and AI to improve customer experience, and Bundle Kitchen, a meal delivery app. 

While their primary focus is on e-commerce and FinTech, their interest in innovative solutions that enhance user experience and streamline processes could extend to proptech startups with similar goals.

19) Better Homes:

Better Homes is a real estate company with a diverse range of property services, including residential and commercial sales and leasing, property management, and project sales and marketing. 

They primarily invest in seed-stage companies, and their portfolio includes Houza, a UAE-based property portal. This highlights their interest in proptech solutions that enhance the property search and transaction experience for buyers, sellers, and renters.

Conclusion

This guide offers a glimpse into the Middle Eastern proptech VC landscape, but it's just the first step. Building a successful proptech company requires more than just funding. It demands a deep understanding of the local market, a strong team, and a commitment to innovation.

Engage with industry events, network with potential investors, and seek mentorship from experienced professionals. By actively participating in the Middle Eastern proptech ecosystem, you can gain valuable insights, access strategic support, and contribute to shaping the future of the built environment in the region.