Dubai and Madrid-based proptech company Huspy has raised $59 million in a Series B funding round led by Balderton Capital, with participation from Peak XV (formerly Sequoia Capital India and Southeast Asia), ExBorder Partners, Turmeric Capital, BY Ventures, Dara Management, and KE Partners, it announced today. The round brings Huspy’s total funding to over $100 million, following its $37 million Series A led by Peak XV in 2022.
The round saw both Balderton Capital and Peak XV double down on their previous investments in Huspy for the second and third time respectively. The funding will support Huspy’s European expansion, technology investment, and strategic hiring as the company plans to operate in over 10 cities by the end of 2025.
Started in 2020, the company positions itself as an end-to-end proptech platform that serves multiple stakeholders in the home-buying ecosystem. For consumers, Huspy provides access to mortgage products and properties, while offering specialized platforms for mortgage brokers and real estate agents. According to the company, its broker portal connects with over 25 banks, while its agent app provides mobile-first tools for property professionals.
Huspy facilitates over $7 billion in real estate transactions annually across Europe and the Middle East. Currently operational in the UAE and Spain, Huspy operates in Dubai, Abu Dhabi, Madrid, Valencia, Alicante and Malaga. The company plans to launch in six additional Spanish cities by the end of 2025 and will enter Saudi Arabia this year, bringing its total footprint to ten cities globally.
“We are building a global business with the goal of being present in the majority of European and Middle Eastern cities. We aim to provide the best infrastructure for real estate agents and mortgage brokers, enabling them to grow their businesses and serve home buyers and sellers in the best way possible,” said Jad Antoun, Co-Founder and CEO of Huspy, in a statement.
The company claims to be trusted by over 8,000 UAE home buyers and says its Spanish real estate business achieved more than 20x year-on-year growth in 2024. In the UAE, Huspy claims its mortgage unit is the largest in the country, processing over 25% of all residential home financing in Dubai. The company’s team includes talent from over 40 nationalities.
“We are pleased to renew our partnership with Huspy by leading this round. The team is building technology that modernizes real estate and mortgage businesses, allowing brokers to reap substantial efficiency gains that translate into serving more clients, better,” said Rana Yared, General Partner at Balderton Capital, in a statement.
Over the next four years, Huspy intends to launch operations across most major cities in Europe and the Middle East. The company is currently hiring across expansion and technology-specific roles, with tech hubs established in the UAE and Spain.
