Huspy secures USD 59 mn in Series B funding for Saudi expansion: UAE-based property tech and mortgage firm Huspy raised USD 59 mn in a Series B funding round led by returning investor UK venture capital firm Balderton Capital, according to a press release. The financing round also saw participation from Peak XV, ExBorder Partners, Turmeric Capital, BY Ventures, Dara Management, and KE Partners.

The funding will help fuel Huspy’s expansion, as it looks to enter Saudi Arabia this year, and launch services in six more cities in Spain by the end of the year, with plans to launch operations in all major European and Middle Eastern cities in the next four years.

Huspy? Founded in 2020, the startup offers end-to-end real estate services in the UAE and Spain, bringing in USD 7 bn annually from real estate transactions. Its mortgage business is the largest in the Emirates, accounting for over 25% of the financing in Dubai’s residential segment, the press release read. The proptech firm wrapped a funding round also led by Balderton Capital in May last year. Back in 2022, it raised USD 37 mn in capital in a Series A round led by Peak XV.

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