Record growth for SmartCrowd, MENA’s leading digital real estate investment platform secures funding

Record growth for SmartCrowd, MENA’s leading digital real estate investment platform secures funding

The bridge funding will enable the rapidly growing company to scale its operations, products and establish a presence in new markets including Saudi Arabia and Pakistan.

Mad’a Investment Company, an influential Saudi firm, is the lead investor of the Bridge Round. TriCap Investment, a diversified investments group based in Dubai, made a follow-up investment in SmartCrowd and was joined by Amaana Capital, the venture capital arm of US-based NRD Capital., along with other prominent angel investors in the region.

Commenting on the investment, Abdullah A. Al Othaim, CEO of Mad’a investment, said, “As part of our strategy to invest in companies that add exceptional value through their innovative ideas to the Kingdom and the region, SmartCrowd, MENA’s first regulated real estate investment platform, will open up new investment channels to individuals looking for relatively safe methods for passive income."

“SmartCrowd is leading the charge in fractional ownership of real assets in the region by providing its customers with high-quality and pre-vetted investment opportunities. We couldn’t be more excited to partner with Siddiq and Musfique in their next stage of growth,” said Aziz Hashim, Managing Partner at Amaana Capital.

Suleman Soorani, Director of Principal Investments at Tricap Investments, shared, “We are big believers in Smart