UAE PropTech Startup PRYPCO Secures Funding from General Catalyst

PRYPCO, a UAE-based PropTech platform, has raised Pre-Series A funding led by General Catalyst, marking the global venture capital firm’s first PropTech investment in the Middle East. Founded in 2022 by Amira Sajwani, PRYPCO was established to address challenges in real estate investment, financing, and ownership, and has since grown into one of the region’s most active digital real estate platforms.

Since its launch, PRYPCO has facilitated nearly AED10 billion in mortgages and supported more than 3,000 individuals in securing UAE Golden Visas. Its fractional ownership service, PRYPCO Blocks, has attracted over 50,000 users who invested approximately AED20 million across 21 properties. The platform also operates PRYPCO Mint, the Middle East’s first tokenised property investment service, which has drawn almost 2,000 investors and generated over AED16 million in investments.

In a first-of-its-kind global initiative, PRYPCO has partnered with the Dubai Land Department to tokenise title deeds, positioning itself at the forefront of regulatory collaboration in property technology. The company also supports over 60,000 agents, facilitates more than 300 secondary projects, and manages data covering 1,500 projects. Its revenue streams include mortgage facilitation and Golden Visa referrals, with property listings on the platform often selling out within minutes and drawing investors from around the world.

The new funding will be directed toward expanding offerings, scaling operations, and strengthening regulatory partnerships. The investment is seen as a validation of PRYPCO’s mission to make real estate ownership more globally accessible and positions the startup as a category leader in MENA’s rapidly evolving PropTech sector. General Catalyst noted that PRYPCO is well-placed to democratise property investment across the region.