UAE-born proptech Huspy has secured a $59 million Series B funding round, underscoring investor confidence in its vision to transform property buying with digital tools and AI-driven services. The round was led by existing backer Balderton Capital, joined by earlier investors including Founders Fund, Peak XV Partners (formerly Sequoia Capital India & SEA), ExBorder Partners, Turmeric Capital, COTU Ventures, BY Ventures, Dara Management, and KE Partners.
Founded in 2020 by Jad Antoun, Huspy set out to digitise the often slow, paper-heavy mortgage process in the UAE, forging partnerships with leading banks and introducing tools like instant pre-approvals for brokers and buyers. Within three years, Huspy claimed it had captured 30% of the UAE mortgage market (25% in Dubai alone).
Since then, the company has expanded into Spain, one of Europe’s largest and most fragmented real estate markets, home to over 100,000 registered agents. Rather than owning property inventory like iBuyer models, Huspy runs a network-driven platform, connecting freelance agents to qualified leads from marketplaces like Property Finder and Idealista, and supporting them with CRM tools, transaction assistance, and integrated mortgages through its banking partnerships.
This approach keeps overhead low and scale high — an “Uber-for-real-estate” model that Huspy says is difficult to replicate. Over the past year, the company has grown to six cities across Spain, becoming one of the top three real estate platforms in Valencia by transaction volume, while achieving over 20x year-on-year growth.
Huspy’s product roadmap is equally ambitious. Beyond expanding regionally, the startup is investing heavily in AI-powered tools to help brokers and agents become more productive, as highlighted by Balderton Capital’s general partner Rana Yared:
“Their pace of innovation — especially around AI tools for brokers and agents — continues to raise the bar for the entire industry.”
The fresh funding will fuel growth in the UAE and Spain and support Huspy’s upcoming launch in Saudi Arabia, where mortgage markets remain largely under-digitised. Over the next four years, Huspy aims to enter major cities across Europe and the Middle East, planning to be active in over 10 cities by the end of 2025.
According to Antoun, Huspy’s platform has already helped over 25,000 people buy homes and now facilitates more than $7 billion in property transactions, growing revenue more than tenfold since 2022. With proptech competitors like Opendoor and Compass in the U.S. facing valuation pressures from high interest rates, Huspy’s capital-efficient, partnership-first strategy stands out.
Deputy CEO Ziad Nassar, who leads European expansion, and Antoun both see Huspy’s competitive edge in its repeatable market entry model: targeting midsized cities with high transaction volumes but low agent efficiency, onboarding top-performing agents, and layering in mortgage services that are tightly integrated into the process.
Antoun concludes:
“It’s going to be difficult for someone to compete on the mortgage product specifically across both markets. We’ve just been here longer, and in Spain, we have better efficiency.”
As proptech in the Middle East gains momentum — with Nawy also raising recently — Huspy’s playbook could shape a new generation of cross-market digital real estate platforms.