Sequoia Capital India leads $37mln Series A round in PropTech startup Huspy

Sequoia Capital India leads $37mln Series A round in PropTech startup Huspy

- Series A round is one of the largest raised in MENA to date

- Funds will accelerate Huspy’s expansion across EMEA and transform the future of home buying

- Huspy’s newly launched property marketplace provides a single platform to discover, purchase and finance a home

- Chimera Capital joins returning investors Breyer Capital, VentureFriends, COTU, Venture Souq, and BY Venture Partners in investment round

Dubai, UAE: Huspy, the EMEA proptech startup, has announced a $37 million Series A funding round led by Sequoia Capital India to build the future of home buying across the region. Founders Fund and Fifth Wall made their Middle East investment debut in this round. In addition, Chimera Capital joined returning investors Breyer Capital, VentureFriends, COTU, Venture Souq and BY Venture Partners.

Launched in 2020, Huspy is on a mission to digitally transform and reimagine the home ownership journey. In less than two years, the company has reached $2bn in annualised GMV, growing at 25% MoM to become one of the largest housing platforms in the UAE. Huspy’s Series A round will be used to extensively invest in technology development, double down on growth in the UAE and Spain, and expand across Europe.

Huspy also announced the launch of its full-service