Dubai-based Proptech Company Huspy raised $59 million in the Series B funding round under existing investor Balderton Capital.

Other return investors include XV Peak (formerly the Indian capital and Southeast Asia), former border partners, Turmeric Capital, Ventures, Dara Management, Cotu Ventures and KE partners.

Headquartered in the UAE and operates in Spain, Huspy supports real estate agents and mortgage brokers through technology and infrastructure, aiming to simplify home purchase and sale.

The company claims to promote more than $7 billion in annual real estate transactions in the Middle East and Middle East.

The new funding will be used to support Huspy’s expansion plans in the cycling area, invest in product development and hiring strategy volumes.

In Spain, the company currently operates in Madrid, Valencia, Alicante and Malaga, and the company plans to add six more Siths by the end of 2025.

Huspy reported that IT’s real estate business in Spain grew more than 20 times year-on-year in 2024.

The company also plans to end Saudi Arabia later this year and shorten it to ten global Cisies.

Over the next four years, Huspy intends to look ahead to most major urban markets in Europe and the Middle East.

“We are building a global business with the goal of being in the majority of European and Middle Eastern cities. We aim to provide the best infrastructure for real estate agents and mortgage brokers to enable them to grow their business and serve home buyers and sellers in the best way,” he said.

said Jad Antoun, co-founder and CEO of Huspy.

“After four years of investing in our systems, we are now able to operate with a lot of agility, allowing us to expand our business at high growth rates in the coming years.”

In the UAE, Huspy is active in Dubai and Abu Dhabi, with its mortgage division exceeding 25% of all residential financing in Dubai.

To support its expansion, Huspy is spanning severe feature recruitment with a focus on technology and regional growth. The company operates technology hubs in both the UAE and Spain.

This article first appears in Fintechnews.ae

Featured Image Source: hspy