Inbizzy, Dubai, UAE / Madrid, Spain – Huspy, the rapidly growing proptech startup transforming the home buying and mortgage experience, has closed a $59 million Series B funding round to fuel its aggressive expansion across Europe and the Middle East. The round was led by Balderton Capital, with continued backing from Peak XV (formerly Sequoia Capital India & Southeast Asia), and participation from ExBorder Partners, Turmeric Capital, BY Ventures, Dara Management, COTU Ventures, and KE Partners.
Founded in the UAE and now operating in both the United Arab Emirates and Spain, Huspy is on a mission to streamline the real estate transaction process for agents, brokers, homebuyers, and sellers. The company currently facilitates over $7 billion in real estate transactions annually across its markets.
Strategic Expansion Backed by Robust Technology
Huspy’s latest funding will support European market expansion, continued investment in technology, and strategic hiring across its core business areas. The company is already active in Madrid, Valencia, Alicante, and Malaga, with plans to launch operations in six more Spanish cities by the end of 2025.
In 2024, Huspy’s real estate business in Spain experienced over 20x year-on-year growth, positioning it as a rising force in the European proptech landscape. The company also announced plans to enter Saudi Arabia, marking its debut in the largest economy in the Middle East and expanding its global presence to 10 cities.
“We are building a global proptech business, aiming to be present in most major cities across Europe and the Middle East,” said Jad Antoun, Co-Founder and CEO of Huspy. “After four years of investment in technology and infrastructure, we now have the agility to scale quickly and sustainably.”
Market Leadership in the UAE
In the UAE, Huspy continues to strengthen its leadership position, particularly in Dubai and Abu Dhabi. Its mortgage division now processes over 25% of all residential financing in Dubai, one of the world’s most active property markets.
“We’re proud to continue supporting Huspy’s vision,” said Rana Yared, General Partner at Balderton Capital. “Their platform delivers real technological impact for real estate agents and mortgage brokers, translating to faster, more efficient service for homebuyers.”
Attracting Global Talent
To support its rapid growth, Huspy is actively hiring for roles in technology and market expansion. The company has attracted top-tier talent from leading global firms in both real estate and tech, with tech hubs now established in the UAE and Spain.
