Stake, a proptech startup based in UAE has raised over $8 million in its pre-Series A round, to improve its real estate investment offering in the MENA region.
- The fund will be used to advance its product and technology stack, upscale its brand, and expand operations to enable borderless and accessible quality real estate investment in the region.
- Founded in 2020, Stake is a digital proptech investment startup with 42,000 users in over 80 countries. It launched a mobile app application in the Middle East in March 2022, to increase access to owning and building wealth through real estate investments.
- The Dubai-based startup has now expanded into Saudi Arabia and Egypt, looking to attract investors and encourage young individuals to invest in assets in their local market.
- Stake last raised $4 million in June 2021. With its latest raise, it has secured $12 million in funding since its launch, with MEVP, BY Ventures, Vivium Holding, and Combined Growth Real Estate investing in the round.