PropTechnology startup Huspy has announced in a press release on Tuesday (June 21) that it has raised $37 million in a Series A funding round led by Sequoia Capital India.
The funds will be used to invest in technology development, pursue growth in the UAE, Spain and across Europe.
Launched in 2020, Huspy is a home financing platform that allows buyers in the UAE to access mortgages online. The press release also announced the launch of Huspy’s full-service property marketplace.
“We’ve laid the foundation for a very defensible business that’s redefining home ownership in EMEA,” Jad Antoun, Huspy’s co-founder & CEO said. “Our aspiration is to continue building Huspy into a category-defining company and set a new bar for the way people buy and finance their houses.”
The funding round also included contributions from Fifth Wall, Chimera Capital and existing investors from its undisclosed seed round last April, including Breyer Capital, VentureFriends, COTU, BY Venture Partners and Venture Souq.
The news follows Huspy’s acquisition of Home Matters, the Dubai-based mortgage and property consultant, for an undisclosed sum earlier in the year. With that merger, Huspy became the UAE’s biggest home financing firm.
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