A major global venture capital firm, General Catalyst, just led a Pre-Series A funding round for the UAE-based PropTech company PRYPCO. This is a big deal. The investment signals serious international confidence in Dubai's tech scene and in one company's plan to change the entire property game.
This isn't happening by chance. The Dubai Land Department (DLD) has been pushing for a digital-first approach with its 'Dubai REST' platform, a huge project to make all property transactions transparent and digital. This kind of official support creates the perfect environment for a company like PRYPCO to thrive.
From Local Startup to Market Leader
Amira Sajwani founded PRYPCO in 2022, and in just a couple of years, it has become a serious player. The numbers speak for themselves.
- The company has already handled nearly AED10 billion in mortgages.
- It has helped global investors with over 3,000 Golden Visa applications.
- It supports a network of over 60,000 real estate agents with its digital tools.
This funding is General Catalyst's first PropTech investment in the whole MENA region. It is set to accelerate PRYPCO’s already rapid expansion.
The Real Innovation: Tokenized Property
Mortgages and visas are one thing, but PRYPCO’s most disruptive idea is making property ownership accessible to more people. The concept that has investors excited is tokenized real estate.
Think of it like buying a small share of a company. Instead, you're buying a digital piece of a physical building. Through its PRYPCO Blocks platform, the company splits a property into affordable digital tokens. This model of fractional ownership has already pulled in over 50,000 users, who have invested around AED20 million in 21 different properties.
What makes this secure is the company's direct partnership with the Dubai Land Department. PRYPCO Mint, the company's service, created the first tokenized real estate in the region, with every digital transaction backed by the full regulatory power of the DLD. This government collaboration turns a novel tech idea into a trusted, official investment.
The Head of Digital Transformation at the 'Dubai Centre for Future Economies' confirmed the strategic importance of this move:
"This investment in PRYPCO underscores Dubai's strategic vision: to be a global leader in applying cutting-edge technology to traditional sectors like real estate, creating a blueprint for smart urban development."
Writing the Rules for the Future
With this new capital, PRYPCO isn't just expanding its services. It's deepening its work with regulators. The world of digital assets moves incredibly fast, and the rules need to keep up.
A big challenge is making sure regulations support innovation without compromising safety. PRYPCO is now in a prime position to help authorities refine the rulebook for digital property ownership. This work is essential for building a digital real estate market that lasts.
This investment is more than a win for a single company. It’s proof of the UAE's broader vision. By attracting top global investors, this Dubai startup is not just watching the future of real estate happen, it's building it. One digital block at a time.