PRYPCO Secures Funding to Drive Middle East PropTech Growth
PRYPCO, a UAE-based property technology platform, has secured Pre-Series A funding led by General Catalyst. This marks the firm’s first PropTech investment in the Middle East, highlighting growing interest in the region’s digital real estate sector. Founded in 2022, PRYPCO has built an integrated ecosystem covering property investment, financing, and ownership.
Expanding Real Estate Access
Since its launch, the platform has facilitated nearly AED10 billion in mortgages while supporting over 3,000 individuals in securing UAE Golden Visas. In addition, more than 50,000 users have invested almost AED20 million across 21 properties through PRYPCO Blocks, its fractional ownership solution. The feature enables investors to purchase portions of properties instead of entire units, making real estate more accessible.
PRYPCO also launched PRYPCO Mint, the first tokenised property investment platform in the region. It has already attracted close to 2,000 investors who contributed over AED16 million. Furthermore, the company became the first globally to partner with a government body to tokenise property title deeds.
Scaling Operations and Market Impact
Currently, PRYPCO supports more than 60,000 agents across 300+ secondary projects. Its data hub includes details on 1,500 developments, while income streams also stem from mortgage and Golden Visa referrals. The platform reports that properties listed on its marketplace often sell out within minutes and draw global investor attention.
With the new funding, PRYPCO plans to expand its product offerings, strengthen regulatory partnerships, and scale operations further. These efforts position the company as a category leader in the MENA PropTech landscape, supporting Dubai’s broader digital asset and property innovation initiatives.
