UAE-based property technology platform PRYPCO has secured a pre-Series A round, led by General Catalyst. The company did not disclose the size of the investment.
Founded in 2022 by Amira Sajwani, PRYPCO offers services across property financing, fractional ownership, and tokenised real estate. The platform reports having facilitated close to AED 10 billion in mortgages, supported more than 3,000 Golden Visa applications, and attracted over 50,000 users through its products PRYPCO Blocks and PRYPCO Mint.
With the new funding, the company plans to expand its portfolio of products, strengthen regulatory partnerships, and continue its regional growth.
In just over two years, PRYPCO has developed two main products.
PRYPCO Blocks, its fractional ownership platform, has onboarded 50,000 users who collectively invested nearly AED 20 million across 21 properties.
PRYPCO Mint, focused on tokenised real estate, has attracted almost 2,000 investors and more than AED 16 million in activity.
The company also works with real estate agents in the UAE, providing access to more than 300 secondary projects, a data hub covering 1,500 projects, and new income opportunities through mortgage and visa referrals.
PRYPCO was the first platform in MENA to partner with the Dubai Land Department to tokenise property title deeds, marking a step toward digitising real estate ownership in the region.
Amira Sajwani, Founder and CEO, said, “We’re building the future of real estate, where property ownership is no longer limited by capital, geography, or bureaucracy. General Catalyst backing us at this stage is a major milestone; it validates the urgency of what we’re solving and reinforces our role in leading this shift globally.”
General Catalyst, which has backed companies such as Stripe, Snap, Airbnb, and Ramp, sees the investment as an opportunity to support the digitisation of real estate in a key market.
Neeraj Arora, Managing Director at General Catalyst, commented, "We are excited to partner with Amira and PRYPCO's team in their mission to democratise real estate investments in one of the world's most dynamic and prominent property markets. With their deep networks & roots in the region, unique insights into the ecosystem, and palpable passion, we believe this team is well placed to build the future of real estate investments in the Middle East.”
As Dubai and the wider MENA region continue to advance digital property solutions, PRYPCO positions itself as a regional leader in PropTech and a model for real estate innovation globally.
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By Ravi Kumar