Huspy secures $59m Series B to fuel expansion across Europe and Saudi Arabia

Why is Huspy’s $59 million Series B funding round considered a rare growth bet in global proptech today?

Proptech firm Huspy has raised $59 million in a Series B round led by Balderton Capital, reaffirming investor conviction in its vision of scaling a high-growth, AI-powered real estate platform across Europe and the Middle East. The announcement, made on July 8, 2025, included continued support from Peak XV (formerly Sequoia Capital India & Southeast Asia), alongside participation from ExBorder Partners, Turmeric Capital, BY Ventures, Dara Management, COTU Ventures, and KE Partners. Headquartered in Dubai, the real estate technology firm is one of the fastest-growing players in the region, and now facilitates over $7 billion in real estate transactions annually.

The funding round is positioned to accelerate Huspy’s city-level expansion in two core regions—Europe and the Middle East—with six additional cities in Spain slated for launch by year-end and a first-time entry into Saudi Arabia, the Gulf region’s largest economy. This dual-market scaling strategy, supported by platform infrastructure and AI innovation, signals investor belief in a replicable “city playbook” model that remains rare in global proptech today.

How has Huspy’s business model evolved since its founding and why is it now scaling into Europe and Saudi Arabia?

Launched in 2020, Huspy was founded by Jad Antoun, Ziad Nassar, and Khalid Ashmawy to address friction in the UAE’s fragmented mortgage ecosystem. Rather than relying on inventory ownership or iBuyer logic, the proptech platform empowers real estate agents and mortgage brokers with software, leads, and integrations across lenders. The aim is to streamline transactions, improve commission structures, and embed value-added services directly into the deal cycle.

Huspy first proved its model in the UAE, where it now processes over 25% of all residential mortgages in Dubai. In 2022, the digital real estate player began expanding into Spain—launching in Madrid, Valencia, Alicante, and Malaga. The Spanish business recorded over 20× year-on-year growth in 2024, validating its platform-first, broker-centric strategy outside the UAE. With the latest $59 million infusion, Huspy plans to enter six more Spanish cities and debut in the Kingdom of Saudi Arabia, marking its tenth city globally by the end of 2025.

What does institutional investor sentiment indicate about Huspy’s expansion and repeatable growth playbook?

Institutional investors have expressed confidence in Huspy’s ability to replicate its performance across new cities by leveraging a consistent, data-driven operating model. The return participation of both Balderton Capital and Peak XV in this Series B round was widely seen by analysts as a strong signal of conviction, particularly in an otherwise constrained funding environment for global proptech ventures.

Investor sentiment, while not disclosed in valuation terms, suggests that the venture is increasingly viewed as a standout among regional startups—benefiting from both high transaction volume and AI-led product innovation. The presence of investors like ExBorder Partners and COTU Ventures also underscores a strategic appetite for proptech platforms capable of bridging cross-border real estate flows and servicing agents in multiple regulatory jurisdictions.

How does Huspy differentiate itself through technology and AI innovation in mortgage infrastructure?

Beyond real estate brokerage enablement, Huspy is doubling down on artificial intelligence to drive mortgage origination efficiency and customer satisfaction. In April 2025, the Dubai-based startup launched Huspy.ai, the GCC’s first AI-powered mortgage chatbot on WhatsApp, unveiled during the Dubai AI Week Retreat. The chatbot allows users to compare real-time mortgage rates from UAE banks, understand documentation requirements, and receive instant eligibility assessments—positioning it as a decision-support layer for both homebuyers and agents.

The launch was seen as a strategic alignment with the UAE’s national AI strategy, which targets $46.3 billion in market value by 2030. According to Huspy’s leadership, the AI chatbot is a step toward “frictionless and fully digital” mortgage journeys, aligned with growing demand for real-time financing clarity. Institutional stakeholders view this product milestone as a competitive moat in regulated financing services.

What role does the UAE’s real estate boom and AI policy play in Huspy’s valuation narrative?

Huspy’s scale-up trajectory benefits from supportive macroeconomic tailwinds in the UAE and the broader Gulf. The UAE real estate market recorded $243 billion in sales and over $62 billion in mortgages in 2024 alone. With Dubai acting as a global financial center and home to some of the highest per-capita real estate investment volumes, Huspy’s capture of 25% of mortgage originations is seen as an operational stronghold.

This positioning also reinforces the relevance of its AI-powered expansion. By launching Huspy.ai in a market with rapid digitization of financial services, the platform is aligned with national transformation goals. Observers point out that Huspy is one of the few startups operating at the intersection of two high-CAGR sectors—AI and real estate—giving it valuation leverage and long-term investor appeal.

How is Huspy allocating its new capital to support operational scaling across regions and functions?

The Series B capital will primarily fund Huspy’s expansion into six additional Spanish cities by the end of 2025, as well as its Saudi Arabian market entry. It will also be directed toward building talent across engineering, expansion strategy, and mortgage infrastructure roles. The company has already begun hiring globally, with existing tech hubs in the UAE and Spain drawing talent from firms in both real estate and SaaS sectors.

Leadership under CEO Jad Antoun has indicated that the platform is now at a maturity stage where operational agility is at its peak. With systems built over the last four years, Huspy’s ability to replicate launches efficiently has improved, giving it a stronger chance at pan-regional dominance.

What is the forward-looking outlook for Huspy’s role in Europe and the Middle East’s digitized homebuying ecosystem?

Looking forward, Huspy aims to build the largest home-buying platform across Europe and the Middle East by deploying a hybrid strategy of broker enablement, AI augmentation, and mortgage financing digitization. Over the next four years, the startup plans to scale operations into most major urban centers in the two regions. Its market advantage lies in offering brokers high commission structures, leads from digital property platforms, and integrated tools to manage the entire transaction lifecycle.

Investors believe that Huspy’s growth potential will remain high as long as it continues to balance territory expansion with technological depth. With both regulatory and consumer acceptance of digital mortgages increasing, Huspy’s model could become the backbone for future mortgage infrastructure across emerging and mature housing markets alike.