Saudi Arabia-based proptech startup HissaTech has successfully secured $670,000 in a pre-seed funding round, led by undisclosed angel investors. Founded in 2024 by Ali Alshareef, HissaTech’s platform allows individuals to invest in fractional property ownership, providing opportunities for rental income and capital appreciation, while making real estate more accessible to smaller investors.
The company plans to use the newly raised capital to expand its user base, further enhance its digital platform, and build strategic partnerships within the proptech space. By simplifying property co-ownership, HissaTech aims to lower the barriers to real estate investment for a wider audience.
With this funding, HissaTech intends to grow its presence in the Saudi market, improve the user experience, and form key partnerships that will reinforce its position in the proptech industry. The platform’s ability to offer both rental income and long-term capital growth makes it an attractive option for investors seeking more transparent and secure real estate opportunities.
Discover the State of Funding in MENA – 2019 to 2023 :
https://assiyaq.com/the-state-of-startup-funding-in-mena-2024-report/ of this month is taking you through the ups and downs of MENA’s startup funding over the last 5 years. If you’re a startup founder, an investor or an ecosystem builder, this is your chance to learn from the past, spot the trends, and write your own success story.
Don’t miss out on knowing the history that could shape our future!
