Coraly.ai, a UAE-based proptech startup, has raised USD 2 million in a pre-seed funding round. The investment was led by Salica Oryx Fund, with participation from EQ2 Ventures.

Focus on product development and global expansion

The funding will be used to strengthen Coraly.ai’s product development, improve its AI-driven features, and expand into new markets. The company is targeting Saudi Arabia, France, and the United States while continuing to consolidate its presence in the UAE.

Addressing outdated real estate tools

Coraly.ai provides cloud-based AI models for real estate, accessible through APIs and its proprietary platform. The solution is designed to replace outdated and fragmented sales tools commonly used by real estate agents.

“AI has the potential to improve productivity across the real estate sector. Coraly.ai brings a mix of technical expertise and market insight that positions it well to address this opportunity,” said Patrick Thiriet, CEO of EQ2 Ventures.

Fouad Bekkar, Founder and CEO of Coraly.ai, noted that real estate professionals often face inefficiencies due to outdated sales tools. “Our mission is to simplify growth with AI that works seamlessly. This funding allows us to speed up product innovation and expand into key markets starting from the GCC,” he said.

About the investors

Salica Oryx Fund is an early-stage investment vehicle managed by Salica Investments with a focus on the MENA region. EQ2 Ventures, based in Dubai, invests in seed to Series B stage startups across different sectors.

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