The investment represents General Catalyst’s first step into the Middle Eastern PropTech sector. The round was led by US-based venture capital firm General Catalyst, best known for supporting global names such as Stripe, Snap, Airbnb and Ramp.
Founded in 2022 by Amira Sajwani, PRYPCO has developed a comprehensive ecosystem aimed at making property ownership, financing and investment more accessible. The company has already processed close to AED 10bn in mortgages, assisted more than 3,000 individuals in obtaining UAE Golden Visas, and attracted over 50,000 users to its fractional ownership platform, PRYPCO Blocks, which has channelled nearly AED 20m into 21 properties.
PRYPCO has also pioneered tokenised real estate in the region through PRYPCO Mint, onboarding around 2,000 investors who have invested more than AED 16m.
The company intends to use the latest capital to expand its suite of offerings, strengthen its regulatory partnerships and continue scaling its operations across the region.
PRYPCO CEO and founder Amira Sajwani said, “We’re building the future of real estate, where property ownership is no longer limited by capital, geography, or bureaucracy. General Catalyst backing us at this stage is a major milestone; it validates the urgency of what we’re solving and reinforces our role in leading this shift globally.”
General Catalyst managing director Neeraj Arora commented, “We are excited to partner with Amira and PRYPCO’s team in their mission to democratize real estate investments in one of the world’s most dynamic and prominent property markets. With their deep networks & roots in the region, unique insights into the ecosystem, and palpable passion, we believe this team is well placed to build the future of real estate investments in the Middle East.”
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*Offer ends on Friday, 7th February.
