UAE-based proptech company Huspy has closed a $59 million Series B funding round to expand its operations across the Middle East and strengthen its European presence, including a planned launch in Saudi Arabia.
The round was led by Balderton Capital and Peak XV Partners, with participation from Founders Fund, ExBorder Partners, Turmeric Capital, BY Ventures, Dara Management, and KE Partners.
Founded in 2020 by Jad Antoun, Huspy was born out of a frustrating mortgage experience in Dubai. Within three years, the company captured 30% of the UAE mortgage market (25% in Dubai) by digitizing the home buying process and providing pre-approvals through a platform connecting brokers and borrowers.
In 2022, Huspy began scaling into Spain, a fragmented real estate market with over 100,000 registered agents. It now operates in six cities and claims 20× year-on-year growth, becoming one of the top three real estate companies in Valencia by transaction volume.
Huspy runs a network-based, low-overhead model, where freelance agents access leads from platforms like Property Finder and Idealista. The company provides CRM tools, transaction support, and integrated mortgage products via its banking partners.
The company says it has helped over 25,000 people buy homes, facilitated more than $7 billion in transactions, and grown revenue by more than 10× since 2022. Huspy aims to operate in over 10 cities across Europe and the Middle East by the end of 2025.
