Dubai’s Real Estate Fintech Platform Stake Raises US $8m in Pre-series A Funding Round 

Dubai-based digital real estate investment platform, Stake secured over $8 million in an oversubscribed pre-Series A funding round. This follows a $4 million seed round that the company closed back in June 2021, bringing their total raised funds to over $12 million. The company plans to invest the new capital in advancing its products and technology, upscaling its brand, and expanding operations across the region.

The funding represents the largest capital raised by a real estate investment platform in the MENA region and is supported by some of the leading venture capital investors in the area, MEVP and BY Ventures, as well as participation from returning investors Vivium Holding and Combined Growth Real Estate.

Dubai’s Real Estate Fintech Platform Stake Raises US $8m in Pre-series A Funding Round

With a base of 42,000 users from over 80 countries and 150 nationalities, Stake plans to invest this new capital in advancing its product and technology, upscaling its brand, and expanding operations within the region with the vision of enabling a borderless, liquid, and accessible market for quality real estate investments.

The company expects to continue fueling growth in the platform as regional investors flock to real estate for stability in today’s volatile global markets. This has led Stake to register an average 17% monthly growth rate in both investors and assets under management (AUM), and 500% overall growth in AUMs in the past 12 months alone.

Founded in 2020 by Rami Tabbara, Manar Mahmassani, and Ricardo Brizido, the Co-Founders of Stake commented,

“Investors in the region and beyond deserve a more transparent, digital-friendly means of investing in real estate. This round is a testament to our mission at Stake to bring access and liquidity to the oldest, largest, and most sought-after asset class in the world. The proceeds will allow us to continue attracting the best talent to the team and cement Stake’s position as the category leader in the MENA region.”

Riyad Abou Jaoudeh, Partner at MEVP,

“We believe that the future of property investment is digital, fractional, and hassle-free. The team at Stake has enabled thousands to become real estate investors, and we are excited to partner with them as they scale in MENA,” 

Stake has grown from strength to strength since launching the Middle East’s first mobile application for fractional real estate investing in March 2022. Stake is on a mission to empower everyone to own and build wealth through real estate. Stake aims to multiply its active investor base tenfold, becoming the category leader in KSA and UAE.