Huspy, a proptech startup based in Dubai, has announced a $37 million Series A funding round led by Sequoia Capital India.
Founders Fund and Fifth Wall also co-invested, alongside Chimera Capital, Breyer Capital, VentureFriends, COTU, Venture Souq and BY Venture Partners.
Huspy will use the money to extensively invest in technology development, double down on growth in the UAE and Spain, and expand across Europe.
The proptech startup also announced the launch of its full-service property marketplace.
Jad Antoun, co-founder and CEO of Huspy, said: “We’ve laid the foundation for a very defensible business that’s redefining home ownership in EMEA. Our aspiration is to continue building Huspy into a category-defining company and set a new bar for the way people buy and finance their houses.”
Launched in 2020, Huspy aims to transform and reimagine the homeownership journey. Its platform features a suite of digital solutions to create “unparalleled benefits” for buyers, property agents and mortgage brokers.
Since its inception about two years ago, the company claims to have reached $2 billion in annualised GMV, growing at 25 per cent.
Previously, Huspy raised a seed round, and in 2022, it acquired Home Matters.
Real estate continues to be an in-demand asset class around the world, growing by 59% YoY in 2021. However, less than 1% of home-buying transactions are completed through digital channels. With this addition, Huspy will solve challenges across every stage of the home buying process.