Hissatech Real Estate Tech Closes a Funding Round of 2.5 Million Riyals
Saudi real estate technology company “Hissatech” announced the successful closure of a funding round worth 2.5 million Saudi Riyals, equivalent to approximately 666,000 US dollars, in a pre-seed investment round supported by a group of angel investors. This funding round marks a significant step in supporting the company’s growth and expanding its operations in the Saudi real estate market.
Founded in 2024, “Hissatech” aims to enable investors to invest in real estate assets with greater flexibility and ease. The company relies on an innovative model that allows for the distribution of small shares in income-generating real estate entities, reducing the entry barrier and increasing diversification opportunities in investment portfolios. These shares provide investors with periodic returns from rentals, in addition to capital gains from the appreciation of the real estate asset.
Through its advanced electronic platform, “Hissatech” offers a transparent and seamless investment experience. Investors can access all details related to the real estate entity and its assets and participate in investment decisions, creating a smooth and secure investment journey.
The new funding will help the company expand its customer base and enhance its technical capabilities by developing its electronic platform. Additionally, “Hissatech” aims to enter new partnerships to strengthen its presence in the Saudi real estate market.
The real estate market in Saudi Arabia has seen significant growth, especially over the past three years. Some studies estimate the market size at about 69.51 billion dollars in 2024, expected to reach 101.62 billion US dollars by 2029, with a compound annual growth rate of 8% during that period.
Through these expansions, “Hissatech” aims to offer innovative solutions for investors looking to enhance their investment portfolios in the real estate sector, ensuring a safe and reliable investment experience through an advanced technological platform.
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