PRYPCO, a Dubai-based prop-tech startup, has raised $10 million in a seed funding round led by Shorooq Partners, with participation from the Apparel Group and additional investors. This funding is intended to help PRYPCO scale its operations and broaden its real estate offerings.
PRYPCO is known for its fractional ownership platform, PRYPCO Blocks, which enables investors to enter the Dubai property market with as little as AED 2,000. Since its inception, the platform has fully funded nine properties and is regulated by the Dubai Financial Services Authority (DFSA). The company has plans to expand its property offerings in the coming months.
In addition to the platform’s growth, PRYPCO achieved a milestone in September 2024, disbursing over AED 500 million in mortgages within a single month.
The company’s services aim to simplify and digitize the real estate experience, making property investment more accessible for a broader range of investors. The recent funding will allow PRYPCO to further develop its real estate ecosystem.
Amira Sajwani, founder and CEO of PRYPCO, highlighted the importance of this funding round: “This investment represents a significant step for PRYPCO as we work to make real estate investment simpler and more inclusive. Real estate is one of the largest asset classes, but entry barriers remain high for many individuals, especially younger generations.”
Mahmoud Adi, founding partner at Shorooq Partners, commented on PRYPCO’s approach: “We see PRYPCO as a forward-thinking company that is transforming the real estate market through technology. Their fractional ownership model makes property investment more accessible to a diverse range of investors.”
With this funding, PRYPCO aims to accelerate its expansion and continue to innovate in the real estate sector.
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By Proptechbuzz
By Ravi Kumar
