UAE-headquartered proptech platform Byit Capital has raised $1.1 million in a strategic funding round. The investment was led by prominent regional institutional investors A15 and Beltone Holding, with participation from a group of angel investors.
The new capital is earmarked to accelerate the company’s regional expansion, primarily focusing on its entry into the Saudi Arabian market while simultaneously deepening its operational footprint in the UAE.
An Agent-First Brokerage Model
Founded in 2022 by Antoine Azer, Byit operates a disruptive agent-first brokerage model designed to modernise the region’s fragmented and commission-heavy real estate market. The platform empowers freelance brokers by offering them up to 90% of developers’ commissions.
This model has attracted a significant user base, with more than 40,000 freelance agents currently using the platform. Byit also provides them with access to verified developer inventory, a network of over 450 partners, and more than 1,000 mapped projects, creating a scalable, data-driven alternative to traditional brokerage structures.
Strategic Backing for Regional Growth
The investment from A15 and Beltone Holding signals strong institutional confidence in Byit’s scalable and transparent business model. The funds will be instrumental in fast-tracking its launch in Saudi Arabia and expanding its developer ecosystem across the wider Middle East.
Having initially launched in Egypt before establishing its headquarters in the UAE, Byit is now positioned to tackle two of the Gulf’s most active real estate markets.
“Our goal has always been bigger than building a platform; it’s about setting a new standard for how the industry operates,” said Antoine Azer, Founder and CEO of Byit Capital. “This investment confirms that the market is ready for a fundamentally different kind of brokerage model, one that prioritises transparency, accountability, and real value for both agents and developers.”
About Byit Capital
Byit Capital is a proptech platform that offers an agent-first brokerage model for the real estate market. It provides freelance real estate agents with a high commission structure, access to verified property inventories, and a network of developer partners, aiming to standardise and scale real estate transactions across the GCC.
Source: Wamda
