Huspy Advances Europe Expansion With $59M Series B Funding

Huspy, a leading proptech company based in the UAE, has successfully raised $59 million in a Series B funding round to expand its operations in the Middle East and Europe. The investment, led by Balderton Capital among other global investors, comes on the heels of a previous $40 million Series A round raised in 2022. Since its inception, Huspy has rapidly ascended to capture a significant portion of the UAE mortgage market, thanks in part to its strategic partnerships with leading banks and innovative digital pre-approval processes. The company has also made significant inroads into the Spanish real estate market by leveraging a network-based model that connects freelance agents with property leads. With this new capital injection, Huspy plans to scale its presence across major European and Middle Eastern cities, moving beyond its current strongholds in the UAE and Spain. The startup's efficient launch playbook and emphasis on AI tools for brokers make it well-positioned to sustain its growth trajectory, despite challenges faced by similar proptech firms in the current financial climate.