UAE Proptech Huspy Raises $59M to Expand Across Europe
Buying a home in the UAE once meant wading through a maze of paperwork, price inconsistencies, and outdated systems. But Huspy, a UAE-based proptech startup, has been changing that since 2020. Now, Huspy has raised $59 million in Series B funding to fuel its European expansion—positioning itself as a leading digital real estate solution. The funding round, led by Balderton Capital, will support the company’s growth in existing markets like the UAE and Spain, and help launch operations in Saudi Arabia.
Image Credits:Huspy
Huspy’s Proptech Model: Streamlining Home Buying
The startup’s mission is simple: make home buying seamless and digital. Huspy offers an all-in-one platform where users can find properties and secure mortgages—removing the usual pain points of real estate transactions. In just five years, the company has scaled rapidly in the UAE and entered Spain, proving that its digital-first approach resonates with today’s homebuyers. With the new capital, Huspy plans to double down on proptech innovations that benefit both buyers and brokers.
Why the $59M Investment in Huspy Matters
This new $59M Series B round comes at a time when many global proptech firms are under pressure due to rising interest rates and market uncertainty. Companies like Opendoor and Compass have seen shrinking valuations. Yet Huspy stands out. With support from top-tier investors—Founders Fund, Peak XV, and Turmeric Capital—Huspy is showing resilience in a tough market. The startup’s focus on operational efficiency and localized expansion sets it apart in a sector where many have faltered.
AI and Expansion: Huspy’s Future in Europe and Beyond
What makes Huspy especially interesting is its strategic use of AI. The company has built tools for real estate agents and brokers that increase productivity and streamline customer experience. According to Balderton Capital’s Rana Yared, Huspy is setting a new standard in proptech innovation. As it scales into new European cities and enters the Saudi market, Huspy is proving that the future of real estate is digital, fast, and customer-first.
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