UAE Proptech Huspy Raises $59M Series B to Expand Across Europe and Middle East

Dubai-based proptech startup Huspy, founded to simplify home buying and mortgages digitally, has secured $59 million in a Series B funding round led by existing investor Balderton Capital. This capital injection will fuel Huspy’s expansion across the Middle East and Europe, building on its established presence in the UAE and Spain.

Founded in 2020, Huspy has transformed the UAE mortgage market, capturing 30% market share by partnering with banks and offering digital pre-approvals. Its network-based model connects freelance agents to property leads on marketplaces like Property Finder and Idealista, providing CRM tools, transaction support, and integrated mortgage products without owning inventory.

Huspy’s approach, described as an “Uber for real estate,” enables low overhead and efficient scaling. The company operates in six Spanish cities, including Valencia, experiencing over 20x year-on-year growth, and plans to launch in over 10 cities by the end of 2025, targeting midsized cities with high transaction volumes and low agent efficiency.

Co-founder Jad Antoun noted Huspy has helped over 25,000 homebuyers and facilitated over $7 billion in transactions, with revenue growing tenfold since 2022. The company plans further European and Middle Eastern expansion, capitalizing on the region’s growing proptech momentum.