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UAE-Based Proptech Startup Huspy Raises $59M to Expand in Europe and the Middle East

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United Arab Emirates#proptech#UAE startups#real estate technology#Huspy#Middle East startups
PropTechBuzz
7/8/2025

Huspy, a proptech platform based in the UAE, has raised $59 million in Series B funding to scale its operations across Europe and the Middle East. The round was led by existing backers Balderton Capital and Peak XV Partners, alongside participation from several others, including ExBorder Partners, Turmeric Capital, and BY Ventures.

A Platform Built to Simplify Home Buying

Founded by Jad Antoun, Huspy was launched to address inefficiencies in the UAE mortgage process. Traditionally, purchasing a home in the region involved cumbersome paperwork and inconsistent listing prices. Huspy introduced a digital-first approach to connect buyers, brokers, and banks under one platform, enabling faster and more transparent transactions.

The company has since developed tools for digital mortgage approvals, CRM software for agents, and a network-driven property discovery experience. Rather than owning real estate or operating a traditional brokerage, it functions through a decentralized model. Agents can access leads from major marketplaces like Property Finder and Idealista, while Huspy provides backend support and financial integrations.

Expansion Beyond the UAE

In recent years, Huspy expanded into Spain, where the real estate landscape is fragmented, with over 100,000 registered agents. According to Antoun, Spain offered an opportunity to replicate Huspy’s model by focusing on cities with high transaction volumes but limited agent efficiency.

The company now operates in six Spanish cities and reports more than 20x year-on-year growth in that market. In Valencia, it claims to be among the top three real estate companies by transaction volume.

Huspy’s co-founder and Deputy CEO Ziad Nassar is leading the company’s European expansion. The team has identified a playbook for launching in new markets: build marketplace partnerships, attract top-performing freelance agents, and layer mortgage services through exclusive banking relationships.

Funding Amid a Cautious Proptech Market

The funding round comes at a time when the global proptech sector has seen mixed signals. Larger companies like Opendoor and Compass have faced valuation pressures due to rising interest rates and tightening liquidity. Against that backdrop, Huspy’s ability to grow while maintaining operational efficiency stands out.

“[Huspy has] built a repeatable and efficient playbook for city launches, and their pace of innovation — especially around AI tools for brokers and agents — continues to raise the bar,” said Rana Yared, General Partner at Balderton Capital.

Traction and Revenue Growth

Since launching, Huspy has facilitated home purchases for more than 25,000 people, with $7 billion in property transactions processed via its platform. The startup has grown its revenue over 10x since 2022, largely from commissions and success fees paid by banks and real estate partners.

In the UAE, Huspy claims to hold 30% of the mortgage market share, including 25% in Dubai, one of the world’s busiest real estate hubs.

Looking Ahead to 2025 and Beyond

With the new capital, Huspy plans to expand into Saudi Arabia and continue deepening its presence in Europe. By the end of 2025, the team aims to operate in more than 10 cities, focusing on markets where digitization in property services is still gaining traction.

As the proptech space gradually rebounds, Huspy appears positioned to take advantage of renewed demand for simplified, tech-driven home buying experiences in both emerging and developed markets.

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