Huspy Raises $59M Series B to Scale Across Europe and Enter Saudi Arabia 

UAE- and Spain-based proptech Huspy has closed a $59 million Series B round, marking one of the region’s largest funding rounds in the real estate technology sector this year. The round was led by returning investor Balderton Capital, with continued backing from Peak XV (formerly Sequoia Capital India & SEA) and new participation from ExBorder Partners, Turmeric Capital, BY Ventures, Dara Management, and KE Partners.

Founded in 2020 by Jad Antoun and Khalid Ashmawy, Huspy is building a full-stack real estate and mortgage infrastructure platform, designed to empower agents, brokers, and buyers with high-tech tools, frictionless workflows, and market-leading incentives. The company facilitates more than $7 billion in annual property transactions across Europe and the Middle East and supports thousands of real estate agents and mortgage brokers across both regions.

From UAE to Spain — and Now Saudi Arabia

Following hypergrowth in Spain—where Huspy saw 20x year-on-year growth in 2024—the company is now doubling down on international expansion. It plans to enter six new Spanish cities and launch in Saudi Arabia before the end of 2025. This expansion will bring Huspy’s footprint to 10+ cities globally, including Madrid, Valencia, Dubai, and soon Riyadh. “We’re building the infrastructure real estate professionals need to grow — from high-performing technology to faster transactions and higher earnings,” said Jad Antoun, Co-Founder and CEO of Huspy. “After four years of investing in our systems, we’re operating with speed and agility. This round positions us to scale aggressively in the Middle East and Europe.”

Huspy’s platform spans both property transactions and mortgage services. In the UAE, its mortgage division is already the market leader, responsible for processing more than 25% of all residential mortgages in Dubai, one of the world’s most active property markets.

Building the Operating System for Real Estate

Balderton Capital, which led both the Series A and B rounds, praised Huspy’s long-term vision. “Huspy is modernising the real estate transaction stack with technology that drives real business results,” said Rana Yared, General Partner at Balderton Capital. “By empowering brokers with more efficient tools, they’re helping them serve more clients, better — at scale.”

To support its growth, Huspy is hiring across strategic expansion and technology roles, with established tech hubs in the UAE and Spain. The company has drawn top talent from leading global firms across real estate and fintech, reinforcing its ambition to become the dominant proptech platform in the Europe–MENA corridor.

What’s Next

With this new round of capital, Huspy will:

• Expand operations into six new cities in Spain

• Launch in Saudi Arabia, entering the region’s largest economy

• Invest in its tech stack, including tools for agents and brokers

• Hire globally to support product, engineering, and market entry

With a robust capital base, proven traction, and a clear expansion roadmap, Huspy is now positioning itself as one of the most ambitious proptech players bridging Europe and the Middle East — and soon, beyond.