Huspy Closes $59 Million Series B, Sets Sights on Saudi Expansion

Huspy, the UAE and Spain-based PropTech company, has raised $59 million in a Series B funding round led by Balderton Capital, with continued backing from Peak XV (formerly Sequoia Capital India and Southeast Asia), ExBorder Partners, Turmeric Capital, BY Ventures, Dara Management, and KE Partners.

Founded in 2020 by Jad Antoun and Khalid Ashmawy, Huspy has become one of the fastest-growing real estate platforms in the UAE. It facilitates over $7 billion in annual real estate transactions across Europe and the Middle East, supporting thousands of real estate agents and mortgage brokers with advanced technology tools, high commissions, and a robust operational infrastructure.

Following its strong performance in Spain—where its real estate business saw 20x year-on-year growth—Huspy plans to expand into six additional Spanish cities in 2025. Cities currently served include Madrid, Valencia, Alicante, and Malaga. With this growth, Huspy will bring its total global footprint to over ten cities, including Dubai and Abu Dhabi.

“We are building a global business with the goal of being present in the majority of European and Middle Eastern cities. After four years of investing in our systems, we are now able to operate with a lot of agility, allowing us to expand the business at a high growth rate for years to come.”

Jad Antoun, Co-Founder and CEO of Huspy

Most notably, Huspy is preparing to enter Saudi Arabia this year, marking a key step in its Middle East expansion. As the largest economy in the region and a hotspot for real estate innovation, Saudi Arabia presents a strategic opportunity for Huspy to scale its PropTech model further.

“We are building a global business with the goal of being present in the majority of European and Middle Eastern cities,” said Jad Antoun, Co-Founder and CEO of Huspy. “After four years of investing in our systems, we are now able to operate with a lot of agility, allowing us to expand the business at a high growth rate for years to come.”

Huspy’s mortgage unit already holds a dominant position in the UAE, processing more than 25% of all residential home financing in Dubai, one of the world’s most active real estate markets. The company continues to attract global tech and real estate talent and has established dedicated technology hubs in both Spain and the UAE.

Rana Yared, General Partner at Balderton Capital, which led the round, commented, “The team is building technology that modernises real estate and mortgage businesses, allowing brokers to reap substantial efficiency gains that translate into serving more clients, better.”

To support its growing operations, Huspy is actively hiring across expansion and technology-specific roles. The company’s strategic vision involves entering most major cities across Europe and the Middle East within the next four years.

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