PRYPCO, a UAE-based PropTech platform, has secured its pre-Series A round, led by General Catalyst. The investment, for an undisclosed sum, marks General Catalyst’s first PropTech commitment in the Middle East, reflecting the growing global interest in MENA’s real estate innovation.
A Fast-Growing PropTech Ecosystem
Founded in 2022 by Amira Sajwani, PRYPCO is reimagining how real estate is owned, financed, and invested in. Its ecosystem combines:
- PRYPCO Blocks → fractional ownership of properties.
- PRYPCO Mint → tokenised property investments.
- Mortgage facilitation → making financing accessible at scale.
- Golden Visa support → helping investors gain residency benefits.
In just over two years, the platform has:
- Facilitated nearly AED 10 billion in mortgages.
- Supported 3,000+ Golden Visa applications.
- Onboarded 50,000+ users into property investments.
- Processed investments of AED 20 million across 21 properties via PRYPCO Blocks.
- Enabled 2,000+ tokenised investors on PRYPCO Mint, with AED 16 million invested.
Government Collaboration
A standout milestone is PRYPCO’s partnership with the Dubai Land Department to tokenise title deeds. This makes PRYPCO the first platform globally to align tokenised property with a government body, enhancing trust and adoption.
Supporting Agents and Industry Professionals
Beyond investors, PRYPCO is reshaping careers for 60,000+ agents in the UAE. Its contributions include:
- 300+ exclusive secondary projects.
- Data hub of 1,500 projects.
- Additional revenue streams through mortgage and visa referrals.
This dual impact—serving both investors and professionals—reinforces its role as a comprehensive PropTech ecosystem.
Strategic Backing from General Catalyst
General Catalyst, known for investments in Stripe, Airbnb, Snap, and Ramp, sees PRYPCO as a category-defining opportunity.
Founder & CEO Amira Sajwani commented:
“We’re building the future of real estate, where property ownership is no longer limited by capital, geography, or bureaucracy.”
Neeraj Arora, Managing Director at General Catalyst, added:
“PRYPCO’s deep networks, insights, and ambition make it the right team to democratize real estate investments in the Middle East.”
Looking Ahead
With fresh capital, PRYPCO will:
- Expand its product offerings to diversify investment options.
- Deepen regulatory collaborations across MENA.
- Scale operations to meet rising investor and agent demand.
The platform has already seen properties sell out within minutes, with interest from global investors. Its ability to merge fractional ownership, tokenised investments, mortgages, and Golden Visa services into one platform makes it a pioneer in the region.
As MENA accelerates digital asset adoption, PRYPCO is positioned to become both a regional leader and a global model for PropTech innovation.