Dubai's Prypco Raises $10 Million to Expand Proptech Offerings

Prypco, a Dubai-based proptech company, has secured $10 million in seed funding, led by Shorooq Partners and joined by Apparel Group and other investors. This funding will help the two-year-old firm expand its operations and services. The company aims to reach $250 million in annual recurring revenue by the end of 2027.

Prypco operates four main areas: Prypco Blocks, which offers fractional real estate ownership; Prypco Mortgage, facilitating home loans; Prypco Exclusives, aimed at real estate brokers; and Prypco Golden Visa, assisting clients in obtaining long-term UAE residency.

The firm has become the second-largest mortgage broker in the UAE and the largest provider of Golden Visas at scale. It has disbursed over AED 500 million in home loans and fully funded nine properties through its fractional ownership model.

The company plans to focus on the UAE market, particularly Dubai, while remaining open to future opportunities.