Huspy Secures $59M Series B to Drive European and Saudi Expansion

Malaz Madani

Last updated 8-07-2025

3 min

Huspy raised $59 million in a Series B round to boost its European growth ambitions.

The startup plans to enter the vibrant Saudi Arabian market, expanding its regional footprint.

Led by Balderton Capital and Peak XV Partners, the round included several heavyweight investors.

Huspy digitally streamlines property buying, inspired by founder Jad Antoun's Dubai mortgage struggles.

It connects homebuyers with agents and mortgage providers, aiming to reshape traditional sectors.

Buying a house has always struck me as a bit of a faff, hasn’t it? Endless paperwork, confusing processes, and, well… you know, time wasted in bank queues. No wonder startups easing this hassle are making waves—and now Dubai-based proptech startup Huspy is bang on trend, bagging a hefty $59 million in its Series B funding round.

This fresh injection of cash is aimed squarely at helping Huspy fuel its ambitious plans for growth, particularly in Europe. But the MENA region isn't being neglected either. They've set their sights on Saudi Arabia, looking to soon make their entrance into that vibrant market.

Balderton Capital and Peak XV Partners have stepped up to lead the charge in financing this ambitious venture. They were joined by some heavyweight investors including Founders Fund, ExBorder Partners, Dara Management, Turmeric Capital, BY Ventures, and KE Partners. Quite the line-up, if you ask me.

If you're not familiar, Huspy was founded in 2020 by entrepreneur Jad Antoun. As the story goes, Antoun’s frustrating firsthand experience applying for a mortgage in Dubai inspired him to simplify the property-buying process digitally. I reckon we've all had experiences like these: you face an obstacle, get annoyed by the inefficiencies and then—if you've got the drive—you build something smarter. Spot on.

Since then, Huspy hasn't looked back. The startup connects homebuyers with real estate agents and mortgage providers, streamlining the home-buying journey through a smart, flexible network of independent agents who leverage platforms like Property Finder in the UAE and Idealista in Spain. Alongside that, agents get handy CRM tools, transaction support, and access to mortgage products through Huspy's banking partnerships.

In 2022, the startup expanded beyond its Middle Eastern roots with a confident stride into Spain, eyeing mid-sized cities bursting with property transactions, yet underserved by traditional agents. Clever play there, going straight where inefficiencies lie. And believe it or not, according to their business model, this agile approach lets Huspy scale quicker and cut out unnecessary bureaucracy—music to the ears of anyone who's ever struggled through buying property.

Here at Arageek, we're always chuffed when entrepreneurs find solutions that tackle real-world headaches—especially when those solutions can potentially reshape traditional sectors across the MENA region and abroad. Huspy seems to be one of those rare startups that genuinely hits the sweet spot between tech innovation and solving everyday frustrations.

All things considered, with the hefty backing they’ve collected and their expansive ambitions, Huspy certainly looks like it's gearing up nicely to shake things up in the propety market both regionally and in Europe. Watch this space—it's bound to get interesting.

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