Dubai/Madrid – July 2025 – UAE-based proptech startup Huspy has raised $59 million in Series B funding, further cementing its position as a key player in digitizing home buying and mortgage access across the Middle East and Europe. The round was led by Balderton Capital, with participation from global and regional backers including Founders Fund, Peak XV Partners, BY Ventures, Exor Ventures, COTU Ventures, Dara Holdings, Turmeric Capital, and KE Partners.

This latest infusion positions Huspy among the best-funded real estate technology companies in the MENA region and underlines growing investor confidence in full-stack digital solutions for home search, financing, and brokerage services.

Building a Mortgage Powerhouse in the Middle East

Founded in 2020 by Jad Antoun and Khalid Ashmawy, Huspy originally launched as a digital mortgage broker focused on the UAE’s property sector. By forging partnerships with major banks and simplifying approvals through a tech-first platform, the startup claims to have reached a quarter of Dubai’s residential mortgage market within just a few years.

Its mortgage division reached a major milestone in 2023 when it processed over 1 billion dirhams (approx. $270 million) in home loans within a single month — a rare feat in the region’s fragmented real estate financing landscape.

Expanding into Europe with a Tech-Enabled Brokerage Model

Huspy entered Spain in 2022, introducing a digital-first real estate marketplace that connects independent agents to homebuyers via its own CRM, property listings, and mortgage products. Rather than owning inventory, the company provides a B2B2C platform that supports agent workflows and drives customer acquisition.

In Spain, the firm has rapidly expanded its presence in cities such as Madrid, Valencia, Alicante, and Málaga. It has reported 20x annual growth in the country and become one of the top brokerages in some regional markets — a strong indicator of product-market fit beyond the Middle East.

Overall, Huspy now facilitates over $7 billion in property transactions annually across its operating regions.

Where the New Capital Will Go

The Series B funds are earmarked for:

  • Geographic expansion: Huspy plans to enter six more Spanish cities and debut in Saudi Arabia, expanding its EMEA footprint to over 10 cities by year-end.

  • Technology upgrades: The company will double down on product development, including AI tools that improve customer onboarding, agent productivity, and financing recommendations.

  • Talent acquisition: Teams in engineering, operations, and sales will grow in both the UAE and Europe to support increasing market activity.

The funding also provides additional runway for entering GCC markets, where digitization of mortgage and real estate services remains in early stages.

Investor Confidence in a Repeatable Growth Model

Balderton Capital’s lead role in the round signals strong conviction in Huspy’s cross-border scalability and operational discipline. The VC firm, known for backing European tech leaders, highlighted Huspy’s ability to integrate mortgage and real estate workflows into a seamless user experience.

Other repeat investors, including Peak XV and Founders Fund, view Huspy as one of the few proptech startups globally with a strong unit economics profile and a replicable playbook that works across diverse urban markets.

With growing interest in emerging proptech ecosystems — particularly across MENA and Southern Europe — Huspy’s strategic focus on mid-sized but active real estate cities provides an edge against more capital-intensive marketplace models.

Outlook: Becoming the Region’s Leading Home-Buying Platform

Huspy’s ambition is to become the dominant home-buying platform across emerging EMEA markets. By providing a full-stack experience — from property discovery to financing — and empowering local agents with digital tools, it aims to unlock more liquidity in traditionally rigid real estate markets.

The next phase of growth will be critical. If its execution in Saudi Arabia mirrors its Spanish playbook, Huspy could solidify a category-defining position across both mature and developing housing ecosystems.

Bottom Line: In an industry often hampered by legacy systems and opaque transactions, Huspy is building a new standard for real estate accessibility and efficiency. With strong regional traction and deep investor support, the startup is now poised to scale its vision across borders — reshaping how people discover, finance, and close on homes from Dubai to Valencia and beyond.

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