UAE Proptech Startup Prop-AI Secures $1.5 Million Pre-Seed Round Led by Plus VC
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menaraisingstars
- June 21, 2025
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Prop-AI, a UAE-based proptech platform powered by artificial intelligence, has successfully closed a $1.5 million pre-seed funding round. The investment was led by the regional venture capital firm Plus VC, with significant participation from a consortium of other investors.
Building the Bloomberg of Real Estate
Founded in 2023 by Ranime El Skaff and Christian Kunz, Prop-AI is on a mission to become the “Bloomberg of Real Estate.” The company’s platform leverages sophisticated AI and machine learning algorithms to automate and enhance the processes of property search, evaluation, and investment decision-making. It is designed to serve a wide range of users, including individual buyers, property investors, and real estate professionals, by providing data-driven insights and streamlining complex transactions.
Fueling a Vision for Data-Driven Property Investment
This new injection of capital will be instrumental for Prop-AI as it continues to develop its platform and expand its market presence. The funds are expected to be used to further refine the AI technology, grow the technical and business development teams, and accelerate customer acquisition within the UAE’s competitive real estate market.
Strong Backing from Regional Investors
The funding round demonstrates strong investor confidence in Prop-AI’s vision and technology. The round was led by Plus VC and included participation from Joa Capital, Select Ventures, Oraseya Capital, and the global innovation platform Plug & Play. Notably, the round also attracted angel investors from Saudi Arabia and Bahrain, highlighting broad regional belief in the company’s potential.
About Prop-AI
Prop-AI is a UAE-based property technology company founded in 2023. Its platform utilizes artificial intelligence to bring efficiency, transparency, and data-driven intelligence to the real estate sector, empowering users to make smarter investment and purchasing decisions.
The Future of Proptech in the UAE
This investment comes at a time of significant digital transformation within the UAE’s real estate market. The rise of PropTech startups like Prop-AI is critical for bringing new levels of efficiency and transparency to the industry, aligning with the country’s broader goals of becoming a leading global hub for technology and innovation.
Looking Ahead
With a successful pre-seed round and the backing of prominent regional investors, Prop-AI is well-positioned to pursue its ambitious goal of becoming an indispensable tool for the real estate industry. The company’s focus will now be on scaling its operations and delivering on its promise to revolutionize property investment through data and artificial intelligence.
Source: Wamda
