UAE Proptech Huspy Raises $59M to Expand Into Spain & Saudi Arabia

Dubai-headquartered proptech startup Huspy has raised $59 million in a Series B funding round led by Balderton Capital.

Founded in 2020, Huspy offers an integrated digital platform for real estate transactions and mortgage services, catering to agents, buyers, and property owners. The company currently operates in the UAE and Spain, with a growing presence in Madrid and Valencia.

The latest funding will allow Huspy to accelerate its rollout in Spain, expanding its footprint to at least eight more cities including Costa Blanca and Costa del Sol. The company is also preparing to launch operations in Saudi Arabia as part of a broader strategy to become a leading proptech player in both Europe and the Middle East.

To support this growth, Huspy will invest in hiring across its UAE and Spanish offices, with a focus on product, engineering, operations, and business development. The startup aims to enhance its tech-enabled services for agents while improving transaction efficiency and client experiences.

Huspy reports over $7 billion in annual transaction volume and is continuing to scale its tools and networks to meet rising demand across the property sector.