Saudi proptech HissaTech raises $670,000 pre-Seed
- HissaTech, a Saudi Arabia-based proptech startup, successfully raised $670,000 in a pre-seed funding round, led by angel investors.
- Founded by Ali Alshareef in 2024, HissaTech’s platform enables individuals to co-own real estate properties, providing access to rental income and capital gains while reducing investment barriers for smaller investors.
- The company plans to use the funding to expand its customer base, enhance its digital platform, and establish strategic partnerships within the proptech industry.
- HissaTech aims to cater to the growing demand for accessible and secure real estate investment opportunities by offering regular rental returns and potential long-term value growth for everyday investors.
Saudi proptech HissaTech raises $670,000 pre-Seed
- Saudi Arabia-based proptech HissaTech has raised $670,000 in a pre-Seed round, led by unnamed angel investors.
- Founded in 2024 by Ali Alshareef, HissaTech’s platform allows individuals to co-own properties, offering rental income and potential capital gains while lowering barriers to entry for smaller investors.
- HissaTech will utilise the new round to expand its customer base, enhance its digital platform, and build strategic partnerships within the proptech sector.
Source: Waya
Saudi PropTech startup HissaTech has announced raising $667,000 in a pre-seed funding round led by angel investors. The company aims to boost real estate investment in Saudi Arabia by enhancing its digital platform, which simplifies access to income-generating properties.
HissaTech’s platform enables users to co-own real estate assets, earning rental income and benefiting from potential capital gains as property values rise. By lowering the barriers to entry, the platform allows smaller investments, making real estate more accessible to a broader range of investors.
The newly secured funds will be used to grow the customer base across Saudi Arabia, improve the platform for a more streamlined investment experience, and form strategic partnerships to solidify HissaTech’s role in the PropTech sector.
As demand for transparent and secure real estate investment opportunities rises, HissaTech aims to meet this need by providing regular rental returns and potential long-term value growth, offering everyday investors a more accessible path to property ownership.
Here’s a summary of the listed information about the proptech startup HissaTech:
Startup Details
- Name: HissaTech
- Founded By: Ali Alshareef
- Founded In: 2024
- Location: Saudi Arabia
- Sector: Proptech (Property Technology)
Fundraise Details
- Funding Amount: $670,000
- Funding Series: Pre-Seed
- Lead Investors: Unnamed angel investors
Purpose of Funds
HissaTech plans to utilize the funds raised to:
- Expand its customer base.
- Enhance its digital platform.
- Build strategic partnerships within the proptech sector.
Startup Description
HissaTech’s platform allows individuals to co-own real estate properties, which provides them with rental income and potential capital gains, while also lowering barriers for smaller investors to enter the property market. The company aims to simplify access to income-generating properties in Saudi Arabia.
Additional Context
The startup is positioned to respond to the rising demand for transparent and secure real estate investment opportunities by offering regular rental returns and potential long-term value growth, making property ownership more accessible to everyday investors.
Source of Information
- Article Source: Waya
This summary encapsulates the key points regarding HissaTech’s recent fundraising efforts and strategic objectives.