Huspy Secures New Investment to Expand in Europe

Huspy, a UAE-based company, has closed a new investment round with an undisclosed amount, aimed at bolstering its expansion into Europe.

In 2022, Huspy raised $37 million in a Series A round led by Sequoia Capital India, with contributions from Founders Fund, Fifth Wall, Chimera Capital, Breyer Capital, VentureFriends, COTU, Venture Souq, and BY Venture Partners.

Founded in 2020 by Jad Antoun and Khalid Ashmawy, Huspy streamlines the home buying and financing process through its online marketplace. Currently, the company facilitates over 25% of all residential mortgages in Dubai and offers home buying and selling services in both the UAE and Spain.

To date, Huspy has processed over AED 22 billion ($6 billion) in home transaction value, helping more than 13,500 individuals achieve homeownership.

In 2021, Huspy secured an undisclosed Seed round led by VentureFriends, with participation from Amir Farha, B&Y Ventures, Plug and Play, and several regional family offices.

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