Proptech Innovator Huspy Secures $59 Million Series B, Eyes Significant Saudi Expansion
Huspy, the innovative proptech company with operations spanning the UAE and Spain, has successfully closed a substantial $59 million Series B funding round. This significant capital injection, led by Balderton Capital, marks a pivotal moment for the firm founded in 2020 by Jad Antoun and Khalid Ashmawy. Huspy is rapidly transforming the home-buying landscape by offering advanced technological solutions designed to streamline real estate transactions for both consumers and industry professionals.
Driving Growth Through Strategic Investment and Global Footprint Expansion
The Series B round garnered strong support, with leading investors Balderton Capital and Peak XV both doubling down on their previous commitments, signaling deep confidence in Huspy’s vision and operational execution. The round also saw participation from ExBorder Partners, Turmeric Capital, BY Ventures, Dara Management, and KE Partners. Huspy’s impact in the market is already evident, facilitating over $7 billion in annual real estate transactions across Europe and the Middle East. The company empowers thousands of real estate agents and mortgage brokers by equipping them with cutting-edge tech tools and offering high commissions, thereby enhancing efficiency and client service within the property acquisition process. Looking ahead, Huspy has outlined ambitious plans for strategic expansion. The company intends to extend its operational footprint into six new cities within Spain, further solidifying its presence in the European market. A major strategic initiative will be its highly anticipated launch in Saudi Arabia in 2025. This expansion will bring Huspy’s total global presence to over 10 cities, including key markets such as Madrid, Valencia, and Dubai, reinforcing its mission to reshape the home-buying experience across diverse and dynamic international markets.
This substantial Series B funding not only validates Huspy’s innovative approach to proptech but also provides the necessary capital to accelerate its ambitious growth trajectory. With a proven model of leveraging technology to simplify complex real estate transactions and a clear strategy for expanding into vibrant new markets like Saudi Arabia, Huspy is exceptionally well-positioned to continue its mission of revolutionizing the home-buying journey for consumers and industry professionals alike.
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