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In The Press
Huspy raises $37 million in Series A funding Led By Sequoia Capital
June 2022
Huspy, the EMEA PropTech startup based in Dubai, has closed a $37 million Series A funding round to build the future of home buying across the region.
Dubai-based proptech startup Huspy, which engages across the EMEA region, has achieved $37 million in a Series A funding round led by Sequoia Capital India to build the future of home buying across the EMEA region.
Founders Fund and Fifth Wall made their Middle East investment debut in this round, while Chimera Capital joined returning investors Breyer Capital, VentureFriends, COTU, Venture Souq, and BY Venture Partners.
“In just under two years, Huspy has grown to become one of the largest property platforms, facilitating billions of dollars in volume. Today, we’re humbled to partner with global and regional investors and we look forward to working together to reshape the world’s largest asset class.”
CEO and Co-Founder, Huspy
Accelerating Huspy’s Growth Across the UAE and Europe
Launched in 2020, Huspy is on a mission to digitally transform and reimagine the home ownership journey. In less than two years, the company has reached $2 billion in annualised gross merchandise value (GMV), growing at 25 percent month-on-month to become one of the largest housing platforms in the UAE.
Huspy’s Series A round will be used to extensively invest in technology development, double down on growth in the UAE and Spain, and expand across Europe.
Huspy also announced the launch of its full-service property marketplace complementing the company’s position as leaders in home finance. Real estate continues to be an in-demand asset class around the world, growing by 59% YoY in 2021. However, less than 1% of home-buying transactions are completed through digital channels. With this addition, Huspy will solve challenges across every stage of the home buying process.
“We are impressed with Jad and Huspy’s mission to transform the home buying and financing experience in the region. In a short span of time, the company has demonstrated its strong value proposition for the real estate ecosystem and has become the market leader in mortgage broking in the UAE with healthy unit economics. And, Huspy’s ethos to build for the long term with a deep focus on having the best team in the region resonates deeply with us.”
GV Ravishankar
Managing Director, Sequoia India
Building the UAE’s Leading PropTech Platform
Launched in 2020, Huspy is on a mission to digitally transform and reimagine the home ownership journey. In less than two years, the company has reached $2 billion in annualised gross merchandise value (GMV), growing at 25 percent month-on-month to become one of the largest housing platforms in the UAE.
Huspy’s Series A round will be used to extensively invest in technology development, double down on growth in the UAE and Spain, and expand across Europe.
Huspy also announced the launch of its full-service property marketplace complementing the company’s position as leaders in home finance.
