Dubai-based proptech startup PRYPCO has closed a pre-Series A round of undisclosed value, led by U.S. venture capital firm General Catalyst. The deal marks General Catalyst’s first proptech investment in the Middle East.
Founded in 2022 by Amira Sajwani, PRYPCO has quickly emerged as one of the UAE’s fastest-growing property technology platforms. To date, it claims to have facilitated nearly AED 10 billion ($2.7bn) in mortgages, supported over 3,000 Golden Visas, and attracted more than 50,000 users through its fractional ownership product PRYPCO Blocks and tokenised investment platform PRYPCO Mint.
The company says it has pioneered tokenised real estate in the region, working with the Dubai Land Department to tokenise title deeds – the first such government-backed initiative globally. Nearly 2,000 investors are active on PRYPCO Mint, with over AED 16 million ($4.4m) invested in properties to date.
Founder and CEO Amira Sajwani said the new funding will help PRYPCO expand its offerings, deepen regulatory collaboration, and continue scaling across the MENA region. “We’re building the future of real estate, where property ownership is no longer limited by capital, geography, or bureaucracy,” she said.
General Catalyst Managing Director Neeraj Arora described PRYPCO as a “rare opportunity to back a founder-led platform reshaping an entire asset class.” The firm’s global portfolio includes Stripe, Snap, Airbnb and Ramp, as well as Saudi open banking startup Lean Technologies, whose $67.5 million Series B it led in November 2024 – its first investment in the region.
PRYPCO says its properties have sold out within minutes of listing, with investors joining from around the world. Alongside consumer products, the platform also provides tools for more than 60,000 agents in the UAE, including access to secondary projects and referral income streams.
