UAE-based proptech Coraly.ai (formerly Coralytics) has successfully closed a $2 million pre-seed funding round. The round was led by the MENA-focused Salica Oryx Fund, with significant participation from EQ2 Ventures and a group of strategic angel investors.
By the Numbers
The new funding equips Coraly.ai to scale its operations and impact significantly:
- $2 Million: The total pre-seed funding raised to fuel expansion.
- 3 Key Markets: Immediate focus on consolidating its UAE presence, launching in Saudi Arabia, and initiating pilots in France and the United States.
- 14,800+ Agencies: The network reach of Coraly.ai’s new go-to-market partner in France, SNPI, the country’s largest real estate union.
An AI-Powered Mission for Real Estate
Founded in 2022 by Fouad Bekkar, Coraly.ai offers an AI-powered growth platform designed to transform how real estate professionals generate and convert leads. The company provides lead enrichment, automated marketing campaigns, and performance insights to address a market that is often underserved by fragmented and outdated sales tools.
“Our mission is to simplify growth with AI that just works,” said Fouad Bekkar, Founder and CEO of Coraly.ai. “This funding gives us the firepower to further accelerate product innovation and expand into key growth markets. Our vision is to make high-impact technology radically accessible for agents everywhere.”
Strategic Expansion and Global Vision
The investment will be strategically allocated to fast-track growth across several fronts. Key priorities include accelerating product development, expanding the engineering team, and deepening the platform’s AI capabilities.
Commercially, the funds will support a major rollout in Saudi Arabia later this year, alongside pilot programs in France and the US. This global push is supported by a key partnership with SNPI in France and its first MLS partner in the United States, demonstrating a clear strategy for entering international markets. The recent rebrand from Coralytics to Coraly.ai reflects this broader global vision.
Investor Confidence
Investors highlighted the platform’s potential to disrupt the traditional real estate market. “Coraly.ai represents a significant advancement in real estate marketing technology, offering an AI-powered platform that fundamentally transforms how properties are marketed and presented online,” said Ivo Detelinov, General Partner of Salica Oryx Fund.
Patrick Thiriet, CEO of EQ2 Ventures, added, “AI is about to leapfrog productivity across many industries… The property market is one of those verticals… Fouad and the Coraly.ai team combine their deep knowledge of evolving AI capabilities with a strong understanding of those challenges.”
Looking Ahead
With fresh capital and strong investor backing, Coraly.ai is positioned to solidify its leadership in the UAE while aggressively pursuing its entry into Saudi Arabia. The strategic pilots and partnerships in Europe and North America signal the company’s ambition to scale its AI-driven solution into a global tool for real estate professionals.
Source: Wamda
