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Huspy Raises $37 Million To Accelerate Expansion Across EMEA

The company wants to use the funds to invest in technology development, expand into new markets across Europe, and boost growth in regions where it already operates.

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huspy raises $37 million to accelerate expansion across emea
Huspy

PropTech startup Huspy has just raised $37 million in a Series A funding led by Sequoia Capital India.

Also participating in the round of venture capital financing were California-headquartered venture capital firms Founders Fund, Fifth Wall, and Chimera Capital, which joined returning investors Breyer Capital, BY Venture Partners, COTU, VentureFriends, and Venture Souq.

The company wants to use the funds to invest in technology development, expand into new markets across Europe, and boost growth in regions where it already operates.

huspy team group picture

“In just under two years, Huspy has grown to become one of the largest property platforms, facilitating billions of dollars in volume. Today, we’re humbled to partner with global and regional investors, and we look forward to working together to reshape the world’s largest asset class,” said Jad Antoun, co-founder & CEO of Huspy.

Launched in 2020, Huspy strives to streamline the home buying experience by creating a modern platform connecting home buyers with leading property agents and trusted financial institutions.

It took Huspy just one year of operations to become the leading mortgage provider in the United Arab Emirates, with an annual run rate of more than 1 billion USD.

Also Read: UAE To Punish Crypto Scammers With Fines & Jail Time

The startup has successfully recruited talent from some of the world’s top tech companies, including Compass, Gympass, Loft, Loggi, Microsoft, Quinto Andar, SumUp, and Uber. It also employs a team of brokers with over 20 years of experience working for banks like Emirates NBD, RAKBANK, ADIB, and DIB.

“In a short span of time, the company has demonstrated its strong value proposition for the real estate ecosystem and has become the market leader in mortgage broking in the UAE with healthy unit economics,” commented GV Ravishankar, MD, Sequoia India.

The PropTech market is expected to grow at a CAGR of 16.8% between 2022-2032 as startups and incumbent real estate companies use modern technology to make the home buying experience less stressful.

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Visit Iconic Mosques Worldwide With MetaMosque VR

For those with disabilities or economic challenges, visiting the Great Mosque of Mecca is now a real possibility.

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visit iconic mosques worldwide with metamosque vr

For Muslims worldwide, visiting mosques is of crucial religious and cultural importance. Unfortunately, not everyone shares easy access to a local place of worship, and many Muslims certainly can’t afford a pilgrimage to Al Haram, the Great Mosque of Mecca — even just once in their lifetime. Now, a new virtual reality project is attempting to break down those barriers.

MetaMosque is a virtual app that enables users to experience mosques around the world. Through the platform, Muslims can take part in a spiritual journey to experience the wonder of some of the world’s most significant mosques, fostering a sense of belonging and connection to these vital religious spaces, regardless of circumstances.

Samera Abed, CEO and founder of MetaMosque, devised the project for her 90-year-old mother, who now struggles to attend a mosque by herself.

“So just like how I taught her to use an iPhone, I am teaching her to be part of a community,” Abed explained. “She can go to her childhood mosque whenever she wants”.

Also Read: Yango App Now Alerts Muslim Drivers To Prayer Times

Available on Meta Quest, the MetaMosques immersive experience offers an engaging virtual exploration of prayer halls and a close look at the fine architectural details of some of the world’s most iconic Islamic buildings. After a virtual visit, users are encouraged to share their experiences in online discussions that aim to grow the accompanying MetaMosque community.

“I also know that this will be a great gift for many Muslims in the world who have disabilities or are facing economic challenges,” Abed adds.

MetaMosque currently offers access to ten mosques and a Majlis. The app is available on multiple platforms, including iOS, Android, PC, and Meta Quest, with inbuilt AI that can answer questions on Islamic knowledge and the history of these mosques, along with personalized reminders for upcoming religious events.

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