UAE-based proptech platform PRYPCO has closed a significant pre-Series A funding round for an undisclosed amount, led by the prestigious global venture capital firm General Catalyst. The investment marks General Catalyst’s first commitment to a proptech company in the Middle East, signaling strong confidence in PRYPCO’s model to reshape the region’s real estate market.
By The Numbers
- Funding Round: Pre-Series A (Undisclosed Amount)
- Lead Investor: General Catalyst
- Mortgages Facilitated: Nearly AED 10 Billion
- Golden Visas Supported: 3,000+
- Users Onboarded: 50,000+
- Founded: 2022
A Landmark Investment for MENA Proptech
Securing backing from General Catalyst, known for its investments in category-defining companies like Stripe, Snap, and Airbnb, is a major milestone for PRYPCO and the regional tech ecosystem. The move validates the platform’s rapid growth and its innovative approach to solving complex real estate challenges.
“We are excited to partner with Amira and PRYPCO’s team in their mission to democratise real estate investments in one of the world’s most dynamic and prominent property markets,” commented Neeraj Arora, Managing Director at General Catalyst. “We believe this team is well placed to build the future of real estate investments in the Middle East.”
Redefining Real Estate Access
Since its launch in 2022, PRYPCO has built a comprehensive ecosystem that simplifies real estate investment, financing, and ownership. Its key offerings include:
- PRYPCO Blocks: A fractional ownership platform that has seen nearly AED 20 million invested across 21 properties.
- PRYPCO Mint: The MENA region’s first tokenized property investment platform, which has attracted almost 2,000 investors and over AED 16 million in investments.
- Mortgage & Golden Visa Services: Streamlined solutions that have facilitated nearly AED 10 billion in mortgages and supported thousands of Golden Visa applications.
Notably, PRYPCO Mint is the first platform globally to partner with a government entity, the Dubai Land Department, to tokenize property title deeds, cementing its role as a pioneer in the digital asset space.
About PRYPCO
Founded in 2022 by Amira Sajwani, PRYPCO is a UAE-born proptech company transforming how real estate is owned, financed, and invested in. The platform offers a full ecosystem of services, including fractional and tokenized property investment, mortgage financing, and Golden Visa support, making property ownership more accessible and efficient.
Looking Ahead
With the new capital, PRYPCO plans to expand its product offerings, deepen its collaboration with regulatory bodies, and continue its strategic scaling across the MENA region. The investment will fuel its mission to break down the traditional barriers to property ownership.
“We’re building the future of real estate, where property ownership is no longer limited by capital, geography, or bureaucracy,” said Amira Sajwani, Founder & CEO of PRYPCO. “General Catalyst backing us at this stage is a major milestone; it validates the urgency of what we’re solving and reinforces our role in leading this shift globally.”
Source: Wamda
