Huspy Raises New Funding Round Led by Balderton Capital
In a significant milestone for the UAE-based proptech startup , the company has announced a new Huspy funding round led by Balderton Capital, with participation from existing investor Fifth Wall and others. This strategic investment underscores Huspy’s growth trajectory and its vision to revolutionize the real estate market in the MENA region and Europe.
Meteoric Rise in Real Estate
Launched in 2020, Huspy has quickly become a dominant player in the real estate sector, particularly in the UAE. The company facilitates home buying and financing through its innovative online marketplace, which now serves both the UAE and Spain. With over $6 billion in home transaction value processed and more than 13,500 homeowners helped, Huspy is redefining the home buying experience.
A New Funding Milestone
The latest funding round, led by Balderton Capital and joined by Fifth Wall, comes at a significantly higher valuation than Huspy’s 2022 Series A round, which raised $37 million. This new capital infusion is a testament to Huspy’s robust business model and its potential to scale further.
Comprehensive Services
Huspy’s platform offers a seamless end-to-end service for home buyers and sellers. From property search to financing, Huspy streamlines the entire process, making it easier and more efficient for all stakeholders involved.
Key Achievements of
- Largest Mortgage Provider in UAE: Within its first year, Huspy facilitated more than 25% of all residential mortgages in Dubai.
- Expansion to Spain: Huspy now offers comprehensive home buying and selling services in Spain.
- Attracting Top Talent: The company has brought over 200 professionals from more than 40 countries to the UAE, enhancing the regional talent pool.
- Strategic Investments: Huspy has attracted capital from renowned venture capital firms, including Peak XV (formerly Sequoia Capital India & SEA), Founders Fund, Balderton Capital, Fifth Wall, Breyer Capital, VentureFriends, B&Y Venture Partners, COTU Ventures, and VentureSouq.
Partnering for Growth
Jad Antoun, CEO and Co-founder of Huspy, expressed his excitement about the new partnership with Balderton Capital. He stated, “We are incredibly happy to partner with Balderton Capital, to focus on a European rollout. The goal for Huspy remains the same as day zero, to build a category-defining business in this space in Europe and the Middle East, and we believe we’re in a prime position to achieve that.”
Validation from Leading Investors
The involvement of is a strong validation of Huspy’s potential in Europe. Rana Yared, General Partner at Balderton Capital, remarked, “We are excited to be partnering with the Huspy team to help scale the company in Europe. Offering a holistic real estate platform that connects all stakeholders, Huspy’s product has been thoughtfully designed to tackle major pain points and act as an operational cockpit for brokers and agents.”
Fifth Wall’s Continued Confidence
Fifth Wall, the largest asset manager focused on improving and decarbonizing the built world, has also reaffirmed its confidence in Huspy. Miguel Nigorra, Partner & Head of Europe at Fifth Wall, said, “We continue to see significant opportunities to disrupt the real estate market in EMEA. We believe Huspy’s industry-leading management team, strong investor base, and end-to-end offering bring a much-needed, differentiated value proposition for the market’s brokers.”
Future Prospects for Huspy
With this new funding, Huspy is well-positioned to expand its operations and continue its mission to simplify and enhance the home buying process. The company’s strategic vision includes building a super app for real estate, revolutionizing how people buy properties across MENA and Europe.
Key Figures
| Metric | Value |
|---|---|
| Home Transaction Value Processed | $6 billion |
| Homeowners Helped | 13,500+ |
| Professionals Attracted | 200+ from 40+ countries |
| Residential Mortgages Facilitated | 25% of all in Dubai |
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With the combined expertise of and , along with other key investors, is set to scale new heights, offering innovative solutions and setting new standards in the real estate industry. The future looks promising for this proptech trailblazer as it continues to redefine the home buying and financing landscape.
Vasilii Zakharov
The new round of financing for Huspy, a UAE-based company from Balderton Capital, is a testament to the company’s impressive growth and innovative approach to the real estate market. These investments highlight Huspy’s potential to revolutionize the industry in the MENA region and Europe by introducing much-needed innovations into the traditional real estate industry.