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PRYPCO, the UAE-based property technology company, said that US venture capital firm General Catalyst has led its pre-series A funding round, marking the investor’s first proptech commitment in the Middle East.
The deal underscores PRYPCO’s position as one of the region’s fastest-growing proptech platforms, with the company already facilitating close to Dhs10bn ($2.72bn) in mortgages, supporting over 3,000 individuals in securing UAE Golden Visas, and attracting more than 50,000 users to its fractional ownership platform, PRYPCO Blocks.
Users have invested nearly Dhs20m across 21 properties through the platform, the company said.
PRYPCO has also introduced tokenised property investments in the region via its PRYPCO Mint platform, which has seen nearly 2,000 investors commit over Dhs16m.
It is the first platform in MENA to tokenise real estate and the first globally to partner with the Dubai Land Department on title deed tokenisation.
“With this new capital, PRYPCO will further expand its offerings, deepen regulatory collaboration, and continue scaling,” the company said in a statement.
General Catalyst backing a key milestone for PRYPCO, says CEO
Founder and CEO Amira Sajwani said: “We’re building the future of real estate, where property ownership is no longer limited by capital, geography, or bureaucracy. 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.”
Neeraj Arora, MD 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 and prominent property markets.”
PRYPCO also provides tools for more than 60,000 real estate agents in the UAE, including access to 300 secondary projects, a database of 1,500 projects, and additional income streams through mortgage and Golden Visa referrals.
The company said its properties have sold out within minutes and that it continues to attract global investors as Dubai and the wider region push forward with property innovation and digital assets.
Read: PRYPCO Blocks introduces UAE’s first upfront rental guarantee
