Dubai-based property technology platform PRYPCO has successfully closed a pre-Series A funding round, marking a significant milestone in its mission to revolutionise real estate investment in the Middle East.
The round was led by General Catalyst, a U.S. venture capital firm known for backing industry leaders such as Stripe, Airbnb, and Snap. This marks General Catalyst’s first investment in the PropTech sector in the MENA region.
Company Overview
Founded in 2022 by Amira Sajwani, PRYPCO has quickly emerged as a trailblazer in the UAE’s real estate landscape. The platform offers a range of services designed to democratise property ownership and investment:
- PRYPCO Blocks: A fractional ownership platform that has onboarded over 50,000 users, enabling investments totaling AED 20 million across 21 properties.
- PRYPCO Mint: The MENA region’s first tokenised real estate investment platform, attracting nearly 2,000 investors and facilitating investments exceeding AED 16 million.
- PRYPCO Mortgage: Partnering with 18 major banks, the platform has facilitated over $2.73 billion in mortgages.
- PRYPCO Golden Visa: Assisting more than 3,000 individuals in securing UAE Golden Visas.
Additionally, PRYPCO supports over 60,000 real estate agents in the UAE, offering access to more than 300 secondary projects and a data hub encompassing 1,500 projects.
Strategic Importance of the Investment
The backing from General Catalyst highlights the growing global interest in the MENA real estate market and validates PRYPCO’s innovative solutions. Neeraj Arora, Managing Director at General Catalyst, said:
“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 property markets.”
Future Outlook
With the new funding, PRYPCO plans to expand its product offerings, strengthen regulatory partnerships, and scale operations across the Middle East. Founder and CEO Amira Sajwani emphasised:
“We’re building the future of real estate, where property ownership is no longer limited by capital, geography, or bureaucracy.”
This investment positions PRYPCO as a key player in shaping the future of real estate investment in the region, signalling strong growth potential for PropTech in the UAE and beyond.
