UAE-based proptech firm Huspy raises $37 million in Series A round

UAE-based proptech firm Huspy raises $37 million in Series A round
Photo by Nathan Fertig / Unsplash

Huspy, a UAE-based proptech firm has raised $37 million in its Series A funding round led by Sequoia Capital India with participation from other investors.

  • The fund will be used for technology development and to support its growth and expansion plans in UAE, Spain and Europe.
  • Huspy is a housing platform offering services in home financing and solving challenges in home buying.
  • The firm has reached $2 billion in annualized gross merchandize value since it launched in 2020, it claims.
  • Founders Fund, Fifth Wall, Chimera Capital, Breyer Capital, VentureFriends, COTU, Venture Souq, and BY Venture Partners invested in the round.