Huspy, a proptech company transforming home buying, announced it has closed a $59 million Series B funding round led by Balderton Capital, with participation from Peak XV and others.
With operations in the UAE and Spain, Huspy empowers real estate agents and mortgage brokers by offering high commissions and advanced technology, facilitating over $7 billion in real estate transactions annually.
How the funding will be used: The funding will support Huspy’s European expansion, technology investments, and hiring. Currently active in Madrid, Valencia, Alicante, and Malaga, Huspy plans to enter six more Spanish cities by 2025 and expand into Saudi Arabia.
Momentum: Recognized as a rapidly growing proptech in the UAE, Huspy’s mortgage unit is the largest in the region, processing over 25% of home financing in Dubai. To advance its growth, the company is hiring across expansion and technology roles and has established tech hubs in both the UAE and Spain.
KEY QUOTES:
“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. After 4 years of investing in our systems, we are now able to operate with a lot of agility allowing us to expand the business at a high growth rate for years to come.”
Jad Antoun, Co-Founder and CEO of Huspy
“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.”
Rana Yared, General Partner at Balderton Capital
