The 'proptech' Huspy closes a round for 35 million euros for its expansion throughout the EMEA region and its entry into the Spanish market.
Huspy, a technology start-up applied to the real estate sector, has closed a financing round for 35 million with which it plans to grow in Europe, the Middle East and Africa (EMEA) and, specifically, to land in the Spanish market.
The capital infusion, led by Sequoia Capital India, has seen Founders Fund and Fifth Wall make their Middle East debut, as well as participation from Chimera Capital, Breyer Capital, VentureFriends, COTU, Venture Souq and BY Venture Partners.
With the new round of financing, Huspy plans to invest in technological development, strategic contracting and the analysis of new markets to continue its expansion to promote digitization in the real estate sector with solutions for real estate and mortgage agents.
Launched in 2020, Huspy develops its operations in the United Arab Emirates and focuses on EMEA as a new strategic territory for its international expansion.
"In just under two years, Huspy has grown to become one of the largest real estate platforms with billions of dollars in business," said Jad Antoun, Co-Founder and CEO of Huspy.
Currently, the company has a multidisciplinary team of employees of 30 different nationalities from companies such as Uber, Microsoft, Loft and QuintoAndar.