Huspy Secures US$59 Million to Accelerate Global Proptech Expansion

Huspy, the proptech company reshaping home buying experiences from the Middle East to Europe, today announced the close of a US$59 million Series B funding round, led by returning investor Balderton Capital, one of Europe’s leading venture firms. The round also saw participation for a third time from Peak XV (formerly Sequoia Capital India and Southeast Asia), as well as ExBorder Partners, Turmeric Capital, BY Ventures, Dara Management, COTU Ventures and KE Partners.

With operations in the UAE and Spain, Huspy empowers thousands of real estate agents and mortgage brokers with a market-leading value proposition: high commissions, best-in-class technology and robust infrastructure to serve home buyers and sellers more efficiently.

Huspy facilitates over US$7 billion in real estate transactions annually across Europe and the Middle East. The latest funding will support the company’s European expansion, investment in technology and strategic recruitment. In Spain, Huspy is currently operational in Madrid, Valencia, Alicante and Malaga, with plans to launch in a further six cities by the end of 2025. In 2024, its Spanish real estate business achieved more than 20-fold year-on-year growth. This year, Huspy will also extend its Middle East presence by entering the region’s largest economy, the Kingdom of Saudi Arabia, bringing its total footprint to ten cities globally. Over the next four years, the company aims to establish operations in most major cities across Europe and the Middle East.

Photo: Jad Antoun, Co-Founder & CEO (left) and Ziad Nassar, Deputy CEO, Huspy

“We are building a global business with the ambition of being present in the majority of European and Middle Eastern cities. Our goal is to provide the best infrastructure for real estate agents and mortgage brokers, enabling them to grow their businesses and deliver the best possible service to home buyers and sellers. After four years of investing in our systems, we are now able to operate with a high degree of agility, which will allow us to sustain a strong growth trajectory for years to come,” stated Jad Antoun, Co-Founder and CEO of Huspy.

Huspy is recognised as one of the fastest-growing proptechs in the UAE, with thriving operations in Dubai and Abu Dhabi. The company’s mortgage division is the largest in the UAE, processing over 25% of all residential home financing in Dubai — one of the world’s most active real estate markets.

“We are pleased to renew our partnership with Huspy by leading this round. The team is building technology that modernises real estate and mortgage businesses, enabling brokers to achieve substantial efficiency gains which translate into better service for more clients,” said Rana Yared, General Partner at Balderton Capital.

To support its growth, Huspy is currently recruiting for roles across expansion and technology. The company has attracted global talent from leading firms in both technology and real estate, and has established tech hubs in the UAE and Spain.