Huspy, the UAE-born proptech startup transforming how people buy homes, has just secured $59 million in Series B funding. The round was led by existing backer Balderton Capital, with participation from a strong group of global investors. The goal? To deepen operations in the Middle East and scale aggressively across Europe.
What began as a solution to frustrating mortgage experiences in Dubai has grown into a powerful platform connecting home buyers, agents, and banks in a seamless, digital experience.
A New Era in Home Buying
Founded in 2020 by Jad Antoun, Huspy aimed to remove the inefficiencies plaguing the UAE’s mortgage and real estate process. Traditional methods were slow, paper-heavy, and inconsistent.
Now, just a few years in, Huspy has:
- ✅ Captured 30% of the UAE mortgage market (25% in Dubai alone)
- ✅ Helped over 25,000 people buy homes
- ✅ Facilitated more than $7 billion in transactions
- ✅ Grown revenue over 10x since 2022
The company began its European expansion in Spain, targeting fragmented cities with thousands of independent agents and low operational efficiency. In under a year, Huspy became one of Valencia’s top three real estate players by transaction volume and now operates in six Spanish cities.
A Scalable, Asset-Light Model
Unlike traditional brokerages or iBuyers, Huspy doesn’t own property or operate brick-and-mortar offices. Instead, it runs a platform-based model, enabling agents to tap into a powerful suite of digital tools.
Its approach includes:
- ✅ Partnerships with top marketplaces like Property Finder and Idealista
- ✅ CRM and workflow software for agents
- ✅ Pre-approved mortgage offers via leading banks
- ✅ Transaction management and backend support
It’s a real estate model that feels more like Uber than Zillow, flexible, scalable, and digital-first.
A Tough Market, Still Winning
While proptech globally has struggled, thanks to rising interest rates and valuation slumps in the U.S., Huspy is bucking the trend. Investors like Founders Fund, Peak XV Partners (formerly Sequoia Capital India & SEA), and others remain bullish.
Their confidence stems from Huspy’s:
- Repeatable playbook for launching in new cities
- Use of AI tools to improve broker efficiency
- Unique banking partnerships that are hard to replicate
- Low burn, high-growth approach to expansion
The startup claims over 20x year-on-year growth in Spain and plans to be active in 10+ cities by the end of 2025.
What’s Next?
With fresh funding in hand, Huspy is eyeing:
- Saudi Arabia as its next major market
- Continued growth in the UAE and Spain
- Launches across major cities in Europe and MENA by 2029
CEO Jad Antoun and Deputy CEO Ziad Nassar are leading the charge with a clear strategy: enter mid-sized cities with high real estate demand, onboard top agents, and layer on financing products that add value.
Final Thoughts
Huspy is proving that even in a volatile market, a focused proptech model can win big. By simplifying real estate for both agents and buyers, it’s creating a better home-buying journey, one city at a time.