Dubai - Sharikat Mubasher: Huspy, the leading proptech company reshaping the home buying experience, successfully closed a $59 million series B round led by Balderton Capital, with participation from Peak XV, ExBorder Partners, Turmeric Capital, BY Ventures, Dara Management, and KE Partners.

Huspy will utilize the new capital to fuel its expansions across the Middle East and Europe and boost investment in technology, the company announced in a press release today.

This year, Huspy plans to expand into Saudi Arabia, bringing its total footprint to ten cities globally. It also aspires to launch operations in most major cities in Europe and the Middle East within the upcoming four years.

To support this expansion, Huspy is hiring across expansion and technology-specific roles, attracting global talent from leading companies in technology and real estate.

Jad Antoun, Co-founder and CEO of Huspy, affirmed the company’s commitment to providing 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 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,” he said.

For her part, Rana Yared, General Partner at Balderton Capital, commented: “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.”

Facilitating over $7 billion in real estate transactions annually in Europe and the Middle East, Huspy is one of the fastest-growing proptech companies in the UAE with a robust presence in Spain. Its mortgage unit is the largest in the UAE, processing over 25% of all residential home financing in Dubai.