Huspy, a proptech company headquartered in the United Arab Emirates, has successfully raised $59 million in a Series B funding round. This round was led by Balderton Capital, with continued support from existing investors such as Peak XV Partners (formerly Sequoia Capital India & SEA) and new participants including ExBorder Partners, Turmeric Capital, BY Ventures, Dara Management, and KE Partners. ([techcrunch.com](https://techcrunch.com/2025/07/07/uae-proptech-huspy-raises-59m-to-scale-in-europe/?utm_source=openai))
Founded in 2020 by Jad Antoun and Khalid Ashmawy, Huspy has rapidly become a significant player in the real estate technology sector. The company offers a comprehensive platform that simplifies the home-buying process by integrating property listings with mortgage services. This approach has resonated with users, leading to the facilitation of over $7 billion in real estate transactions annually across Europe and the Middle East. ([wamda.com](https://www.wamda.com/2025/07/proptech-startup-huspy-closes-59-million-series-b-eyes-saudi-expansion?utm_source=openai))
The newly acquired capital is earmarked for accelerating Huspy’s expansion in Spain, where the company has already established operations in Madrid, Valencia, Alicante, and Malaga. Plans are underway to launch in six additional Spanish cities by the end of 2025. This strategic growth aligns with Huspy’s vision to establish a presence in major European and Middle Eastern cities, with an immediate focus on entering the Saudi Arabian market within the year. ([wamda.com](https://www.wamda.com/2025/07/proptech-startup-huspy-closes-59-million-series-b-eyes-saudi-expansion?utm_source=openai))
Huspy’s business model is designed to empower real estate agents and mortgage brokers by providing them with advanced technological tools and offering competitive commissions. This strategy has proven effective, as evidenced by the company’s capture of approximately 30% of the UAE mortgage market within three years, including 25% in Dubai, one of the world’s most active real estate markets. ([techcrunch.com](https://techcrunch.com/2025/07/07/uae-proptech-huspy-raises-59m-to-scale-in-europe/?utm_source=openai))
The company’s success can be attributed to its innovative approach to addressing the inefficiencies traditionally associated with the home-buying process. By forging partnerships with leading banks and introducing digital pre-approvals, Huspy has streamlined the mortgage application process, reducing the time and complexity for prospective homeowners. ([techcrunch.com](https://techcrunch.com/2025/07/07/uae-proptech-huspy-raises-59m-to-scale-in-europe/?utm_source=openai))
Balderton Capital’s continued investment in Huspy underscores the firm’s confidence in the startup’s potential to revolutionize the real estate sector. Rana Yared, General Partner at Balderton Capital, highlighted Huspy’s ability to build a repeatable and efficient playbook for city launches and its pace of innovation, particularly around AI tools for brokers and agents, as factors that continue to raise the bar for the entire industry. ([techcrunch.com](https://techcrunch.com/2025/07/07/uae-proptech-huspy-raises-59m-to-scale-in-europe/?utm_source=openai))
Huspy’s expansion into Spain represents a strategic move into a fragmented real estate market with over 100,000 registered agents. By providing a network-based model that offers freelance agents access to property leads from marketplaces like Property Finder and Idealista, along with CRM tools, transaction support, and integrated mortgage products through banking partners, Huspy aims to enhance efficiency and transparency in the market. ([techcrunch.com](https://techcrunch.com/2025/07/07/uae-proptech-huspy-raises-59m-to-scale-in-europe/?utm_source=openai))
The company’s growth trajectory is further supported by its commitment to attracting top talent. Huspy has brought over 200 professionals to the UAE from more than 40 countries, bolstering the regional talent pool and fostering innovation within the sector. ([tradearabia.com](https://tradearabia.com/news/CONS_422350.html?utm_source=openai))
Looking ahead, Huspy plans to operate in over 10 cities by the end of 2025, with a long-term goal of establishing a presence in most major cities across Europe and the Middle East over the next four years. This ambitious expansion plan reflects the company’s vision to become the leading home-buying platform in these regions, offering a comprehensive real estate application that simplifies the entire process for buyers and sellers alike. ([wamda.com](https://www.wamda.com/2025/07/proptech-startup-huspy-closes-59-million-series-b-eyes-saudi-expansion?utm_source=openai))
In summary, Huspy’s recent $59 million Series B funding round marks a significant milestone in the company’s journey to transform the real estate industry. With a focus on technological innovation, strategic partnerships, and market expansion, Huspy is well-positioned to redefine the home-buying experience across Europe and the Middle East.
