Latest news with #JadAntoun
Zawya
10-07-2025
- Business
- Zawya
Huspy secures $59mln funding to scale regional presence
UAE – Huspy, the UAE and Spain-based proptech company, has raised $59 million in a Series B round led by Balderton Capital, according to a press release. The transaction witnessed the participation of Peak XV, ExBorder Partners, Turmeric Capital, BY Ventures, Dara Management, and KE Partners. Huspy plans to expand into six new Spanish cities and launch business in Saudi Arabia this year, bringing its total footprint to more than 10 cities globally, including Madrid, Valencia, and Dubai. Founded in 2020 by Jad Antoun and Khalid Ashmawy, the company facilitates over $7 billion in annual real estate transactions across Europe and the Middle East. Huspy empowers thousands of real estate agents and mortgage brokers with a market-leading value proposition that covers high commissions, best-in-class technology, and robust infrastructure to serve home buyers and sellers more efficiently. Over the next four years, the platform intends to launch operations across most major cities in Europe and the Middle East. Jad Antoun, Co-Founder and CEO of Huspy, said: 'We aim to provide the best infrastructure for real estate agents and mortgage brokers, enabling them to grow their businesses and serve home buyers and sellers in the best way possible.' In May 2024, Huspy raised a funding round led by Balderton Capital to scale its business in the MENA region.
Fintech News ME
09-07-2025
- Business
- Fintech News ME
UAE Proptech Huspy Secures $59M Series B to Expand Across Europe and Middle East
Dubai-based proptech company Huspy has raised US$59 million in a Series B funding round, led by existing investor Balderton Capital. Other returning investors include Peak XV (formerly Sequoia Capital India and Southeast Asia), ExBorder Partners, Turmeric Capital, BY Ventures, Dara Management, COTU Ventures, and KE Partners. Headquartered in the UAE with operations in Spain, Huspy supports real estate agents and mortgage brokers through technology and infrastructure that aim to streamline home buying and selling. The company claims to facilitate over US$7 billion in annual real estate transactions across Europe and the Middle East. The new funding will be used to support Huspy's expansion plans in both regions, invest in product development, and hire for strategic roles. In Spain, where it currently operates in Madrid, Valencia, Alicante, and Malaga, the company plans to expand into six more cities by the end of 2025. Huspy reported that its real estate business in Spain grew more than 20-fold year-on-year in 2024. The company also plans to enter Saudi Arabia later this year, bringing its presence to ten cities globally. Over the next four years, Huspy intends to expand into most major urban markets in Europe and the Middle East. 'We are building a global business with the goal of being present in the majority of European and Middle Eastern cities. We aim to provide the best infrastructure for real estate agents and mortgage brokers, enabling them to grow their businesses and serve home buyers and sellers in the best way possible,' said Jad Antoun, Huspy's Co-Founder and CEO. '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.' In the UAE, Huspy is active in Dubai and Abu Dhabi, where its mortgage division accounts for more than 25% of all residential home financing in Dubai. To support its expansion, Huspy is recruiting across several functions, with a focus on technology and regional growth. The company operates tech hubs in both the UAE and Spain.
Yahoo
08-07-2025
- Business
- Yahoo
Huspy raises $59 million Series B led by Balderton Capital to accelerate expansion across Europe and the Middle East
Balderton Capital and Peak XV double down on their previous investments in Huspy in its latest funding round With six new cities in Spain and a Saudi launch planned, Huspy expects to operate in over 10 cities by end of 2025 Huspy facilitates over $7 billion in real estate transactions annually in Europe and the Middle East DUBAI, UAE and MADRID, July 8, 2025 /PRNewswire/ -- Huspy ( the proptech company reshaping home buying experiences from the Middle East to Europe, today announced the close of a $59 million Series B funding round, led by returning investor, Balderton Capital, one of Europe's leading venture firms. The round also saw participation for a third time from Peak XV (formerly Sequoia Capital India and Southeast Asia), as well as ExBorder Partners, Turmeric Capital, BY Ventures, Dara Management, COTU Ventures and KE Partners. With operations in the UAE and Spain, Huspy empowers thousands of real estate agents and mortgage brokers with a market-leading value proposition: high commissions, best-in-class technology and robust infrastructure to serve home buyers and sellers more efficiently. Huspy facilitates over $7 billion in real estate transactions annually in Europe and the Middle East. The funding will support Huspy's European expansion, investment in technology and strategic hiring. In Spain, Huspy is operational in Madrid, Valencia, Alicante and Malaga, and will be launching in six additional cities by the end of 2025. In 2024, the company's Spanish real estate business achieved more than 20x year-on-year growth. This year, Huspy will also expand its Middle East presence by entering the region's largest economy, the Kingdom of Saudi Arabia, bringing its total footprint to ten cities globally. Over the next four years, the company intends to launch operations across most major cities in Europe and the Middle East. "We are building a global business with the goal of being present in the majority of European and Middle Eastern cities. We aim to provide the best infrastructure for real estate agents and mortgage brokers, enabling them to grow their businesses and serve home buyers and sellers in the best way possible. After 4 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" said Jad Antoun, Co-Founder and CEO of Huspy. Huspy is recognised as one of the fastest growing proptechs in the UAE, with thriving operations in Dubai and Abu Dhabi. The company's mortgage unit is the largest in the UAE, processing over 25% of all residential home financing in Dubai, one of the world's most active real estate markets. "We are pleased to renew our partnership with Huspy by leading this round. The team is building technology that modernizes real estate and mortgage businesses, allowing brokers to reap substantial efficiency gains that translate into serving more clients, better," said Rana Yared, General Partner at Balderton Capital. To support its expansion, Huspy is hiring across expansion and technology-specific roles. The company has attracted global talent from leading companies in technology and real estate, and has established tech hubs in the UAE and Spain. About HuspyHuspy is building the largest home-buying platform in Europe and the Middle East. Huspy empowers real estate agents and mortgage brokers with world-class technology, commissions and infrastructure, and provides homebuyers with seamless access to mortgages, properties and related services through technology and innovation. Photo - View original content to download multimedia: SOURCE Huspy Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-07-2025
- Business
- Yahoo
UAE proptech Huspy raises $59M to scale in Europe
If you walked into a Dubai bank to apply for a mortgage in 2020, chances are you'd spend months buried in paperwork or face a huge price discrepancy when it came to listings. Such experiences led Jad Antoun to start Huspy, a startup streamlining how people in the UAE buy homes digitally. Over the past five years, the company has grown into one of the largest proptechs in the UAE, and has expanded into Spain, by providing digital tools for finding homes and obtaining mortgages. Huspy just closed a $59 million Series B to double down on operations across the Middle East and expand its European presence, led by existing investor Balderton Capital and Peak XV. In 2022, Huspy raised over $40 million in Series A and an extension from a who's who of global investors, including Balderton Capital, Founders Fund, and Peak XV Partners (formerly Sequoia Capital India & SEA). Other investors include ExBorder Partners, Turmeric Capital, BY Ventures, Dara Management, and KE Partners. The new capital will fuel Huspy's continued growth in the UAE and Spain and support its launch in Saudi Arabia, Antoun told TechCrunch in an interview. This investment is significant because proptech has been a tough sector over the past couple of years. Companies like Opendoor and Compass have struggled to maintain valuations and profitability amid higher U.S. interest rates. Many startups have also burned through cash and struggled. Huspy has 'built a repeatable and efficient playbook for city launches, and their pace of innovation — especially around AI tools for brokers and agents — continues to raise the bar for the entire industry,' said Rana Yared, general partner at Balderton Capital. Antoun said Huspy he learned through his first market in the UAE how to target pain points in a country's mortgage process. He struck partnerships with leading banks and introduced digital pre-approvals on a platform connecting brokers and borrowers. Sequoia Capital India and Founders Fund back UAE-based proptech startup Huspy in its $37M round Within three years, the company says it captured 30% of the UAE mortgage market (25% in Dubai, one of the world's most active real estate markets). That traction, and the exclusive banking relationships it built as a result, became a springboard for expansion. In 2022, it began scaling into Spain, a fragmented real estate market with over 100,000 registered agents, according to Antoun. Rather than owning inventory like iBuyer models or operating as a traditional brokerage, Huspy runs a network-based model across the UAE and Spain. Freelance agents use the platform to access property leads from marketplaces like Property Finder and Idealista, while Huspy provides CRM tools, transaction support, and integrated mortgage products through its banking partners. It's a low-overhead approach that resembles Uber for real estate more than Zillow. Antoun, previously on the investment team at Dubai-based early-stage VC Beco Capital, and deputy CEO Ziad Nassar, who leads Huspy's European expansion, believe the company has found a repeatable model that will be hard to replicate: enter mid-sized cities with high transaction volume and low agent efficiency, build supply through marketplace partnerships, onboard top-performing agents onto the platform, and layer in mortgage distribution. In under a year, Huspy claims to be one of the top three real estate companies in Valencia by transaction volume. It already operates in six cities across Spain, where it claims over 20x year-on-year growth. 'I think it's going to be difficult for someone to compete on the mortgage product specifically across both markets,' said Antoun. 'We've just been here longer, and in Spain, we have better efficiency.' Antoun says the startup has helped over 25,000 people buy homes across its markets and has grown revenue more than 10x since 2022. The platform, which earns revenue through commissions and success fees, usually from real estate agents and banks, facilitates over $7 billion in transactions. Over the next four years, the company plans to launch in most major cities across Europe and the Middle East, a region currently having its proptech moment, with another major player, Nawy, also raising a significant round this year. Huspy plans to operate in over 10 cities by the end of 2025. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
TechCrunch
08-07-2025
- Business
- TechCrunch
UAE proptech Huspy raises $59M to scale in Europe
If you walked into a Dubai bank to apply for a mortgage in 2020, chances are you'd spend months buried in paperwork or face a huge price discrepancy when it came to listings. Such experiences led Jad Antoun to start Huspy, a startup streamlining how people in the UAE buy homes digitally. Over the past five years, the company has grown into one of the largest proptechs in the UAE, and has expanded into Spain, by providing digital tools for finding homes and obtaining mortgages. Huspy just closed a $59 million Series B to double down on operations across the Middle East and expand its European presence, led by existing investor Balderton Capital and Peak XV. In 2022, Huspy raised over $40 million in Series A and an extension from a who's who of global investors, including Balderton Capital, Founders Fund, and Peak XV Partners (formerly Sequoia Capital India & SEA). Other investors include Exor Ventures, Turmeric Capital, BY Ventures, Dara Management, and KE Partners. The new capital will fuel Huspy's continued growth in the UAE and Spain and support its launch in Saudi Arabia, Antoun told TechCrunch in an interview. This investment is significant because proptech has been a tough sector over the past couple of years. Companies like Opendoor and Compass have struggled to maintain valuations and profitability amid higher U.S. interest rates. Many startups have also burned through cash and struggled. Huspy has 'built a repeatable and efficient playbook for city launches, and their pace of innovation — especially around AI tools for brokers and agents — continues to raise the bar for the entire industry,' said Rana Yared, general partner at Balderton Capital. Techcrunch event Save $450 on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Save $450 on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Boston, MA | REGISTER NOW Antoun said Huspy he learned through his first market in the UAE how to target pain points in a country's mortgage process. He struck partnerships with leading banks and introduced digital pre-approvals on a platform connecting brokers and borrowers. Within three years, the company says it captured 30% of the UAE mortgage market (25% in Dubai, one of the world's most active real estate markets). That traction, and the exclusive banking relationships it built as a result, became a springboard for expansion. In 2022, it began scaling into Spain, a fragmented real estate market with over 100,000 registered agents, according to Antoun. Rather than owning inventory like iBuyer models or operating as a traditional brokerage, Huspy runs a network-based model across the UAE and Spain. Freelance agents use the platform to access property leads from marketplaces like Property Finder and Idealista, while Huspy provides CRM tools, transaction support, and integrated mortgage products through its banking partners. It's a low-overhead approach that resembles Uber for real estate more than Zillow. Antoun, previously on the investment team at Dubai-based early-stage VC Beco Capital, and deputy CEO Ziad Nassar, who leads Huspy's European expansion, believe the company has found a repeatable model that will be hard to replicate: enter mid-sized cities with high transaction volume and low agent efficiency, build supply through marketplace partnerships, onboard top-performing agents onto the platform, and layer in mortgage distribution. In under a year, Huspy claims to be one of the top three real estate companies in Valencia by transaction volume. It already operates in six cities across Spain, where it claims over 20x year-on-year growth. 'I think it's going to be difficult for someone to compete on the mortgage product specifically across both markets,' said Antoun. 'We've just been here longer, and in Spain, we have better efficiency.' Antoun says the startup has helped over 25,000 people buy homes across its markets and has grown revenue more than 10x since 2022. The platform, which earns revenue through commissions and success fees, usually from real estate agents and banks, facilitates over $7 billion in transactions. Over the next four years, the company plans to launch in most major cities across Europe and the Middle East, a region currently having its proptech moment, with another major player, Nawy, also raising a significant round this year. Huspy plans to operate in over 10 cities by the end of 2025.
