The international startup, Huspy, whose purpose is to change the traditional process of buying and selling housing through technology, announces the closing of a new round of Series A financing of 34.9 million. This operation, which has been led by Sequoia Capital India, has as its main objective to promote the expansion of the company in the EMEA region (Europe, Middle East and Africa, for its acronym in English) and which includes plans in Spain.
The capital injection has seen Founders Fund and Fifth Wall make their Middle East debut, as well as participation from Chimera Capital, Breyer Capital, VentureFriends, COTU, Venture Souq and BY Venture Partners. With all this, Huspy foresees invest in technological developmentstrategic contracting and the analysis of new markets to continue its expansion to favor the digitization of a sector as traditional as real estate.
Born in 2020, Huspy develops its operations in the United Arab Emirates and puts the focus on EMEA as a new strategic territory for its international expansion. With more than $2 billion in annual turnover and 25% growth month-on-month, Huspy announces the launch of a full-service real estate platform to complement its leadership position in the home finance industry , with the aim of helping users throughout the process.
Jad Antonco-founder and CEO of Huspy, has stated: “We have laid the foundation for a defensible business that is redefining home buying in EMEA. Our aspiration is to continue to make Huspy a category defining company and set new standards in the way homes are purchased and financed. In just under two years, Huspy has grown to become one of the largest real estate platforms, with a turnover reaching billions of dollars. Today, we are proud to be supported by world-class funds and look forward to working together to redefine the future of the largest global asset class.”
Digital ecosystem, key to the real estate future
Real estate assets continue to experience high demand around the world, to the point of reaching 59% year-on-year growth throughout the 2021 financial year. However, it is interesting to observe how the number of home sales transactions through channels digital is less than 1%, despite the fact that potential buyers start the process online. In this sense, Huspy provides a new way of understanding the purchase of homes and their financing, within the digital ecosystem.
Huspy has a set of digital solutions that have achieved disruption when it comes to responding to the needs and motivations of all real estate agents, including real estate and mortgage brokers. Currently, the company has a multidisciplinary and transversal team made up of talent of more than 30 nationalities from global companies such as Uber, Microsoft, Loft, QuintoAndar, etc., to build the future of the global ‘proptech’ ecosystem.
