UAE - Mubasher: Huspy, the UAE-based proptech startup, has secured $37 million in Series A funding round, led by Sequoia Capital India.

The other investors participating in the round include Founders Fund, Fifth Wall, Chimera Capital, Breyer Capital, VentureFriends, COTU, Venture Souq, and BY Venture Partners, according to a press release.

The secured fund will support Huspy's expansion plans across Europe, the Middle East, and Africa and develop its technology.

Established in 2020 by Jad Antoun and Khalid Ashmawy, the proptech startup facilitates the home buying and financing process through its online marketplace.

The Co-founder and CEO of Huspy, Jad Antoun, commented: "Our aspiration is to continue building Huspy into a category-defining company and set a new bar for the way people buy and finance their houses. In just under two years, Huspy has grown to become one of the largest property platforms, facilitating billions of dollars in volume."

Meanwhile, the Managing Director of Sequoia India, GV Ravishankar, said: "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."