UAE-based proptech Huspy has raised $59 million in a Series B round led by Balderton Capital, with continued participation from Peak XV Partners, ExBorder Partners, Turmeric Capital, BY Venture Partners, DARA CAPITAL, and KE Partners.
Balderton had previously invested in Huspy in May 2024, in a round valued higher than its $37 million Series A in 2022 – one of the largest Series A rounds in MENA at the time.
Founded in 2020 by Jad Antoun and Khalid Ashmawy, Huspy provides real estate agents and mortgage brokers with high commissions, powerful technology, and a unified infrastructure designed to serve buyers and sellers more efficiently.
The company now claims to be the UAE’s largest mortgage platform, processing nearly one in three home loans, and is rapidly growing its presence in Spain.
In January 2025, Ziad A. Nassar was appointed deputy CEO to lead the company’s European expansion.
To date, the company has facilitated over $7 billion in transactions, helped more than 25,000 homebuyers, and now operates across six Spanish cities. In Valencia, it already ranks among the top three players by transaction volume.
With the new capital, Huspy plans to expand to six more cities in Spain by the end of 2025, enter Saudi Arabia – the region’s largest housing market – invest further in technology and AI tools, and accelerate hiring across both Europe and the Middle East.
