Stake Raises Over $12 M Funds
Funding marks the largest capital raised by a real estate investment platform in the MENA region. Stake, a Dubai-based digital real estate investment platform, secured over eight million US in an oversubscribed pre-series A funding round. It follows a four million USD seed round the company closed back in June 2021, bringing their total raised […]
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Rami Tabbara, Manar Mahmassani, Ricardo Brizido, Co-Founders of Stake and Manar Mahmassani Co-Founders of Stak
Funding marks the largest capital raised by a real estate investment platform in the MENA region.
Stake, a Dubai-based digital real estate investment platform, secured over eight million US in an oversubscribed pre-series A funding round. It follows a four million USD seed round the company closed back in June 2021, bringing their total raised funds to over $12 million.
Backed by some of the region’s venture capital investors, MEVP and BY Ventures, and participation from returning investors Vivium Holding and Combined Growth Real Estate, the funding marks the largest capital raise by a real estate investment platform in the MENA region.
With a base of 42,000 users from over 80 countries and 150 nationalities, Stake plans to invest this new capital in advancing its product and technology, upscaling its brand, and expanding operations within the region with the vision of enabling a borderless, liquid, and accessible market for quality real estate investments.
The company expects to continue fueling growth in the platform as regional investors flock to real estate for stability in today’s volatile global markets. It has led a Stake to register an average 17 per cent monthly growth rate in investors and Assets Under Management (AUM) and 500 per cent overall growth in AUMs in the past 12 months alone.
Rami Tabbara, Manar Mahmassani, and Ricardo Brizido, Co-Founders of Stake, said, “Investors in the region and beyond deserve a more transparent, digital-friendly means of investing in real estate. This round is a testament to our mission at Stake to bring access and liquidity to the world’s oldest, largest, and most sought-after asset class. The proceeds will allow us to continue attracting the best talent to the team and cement Stake’s position as the category leader in the MENA region.”
The region’s real estate surge has motivated Stake to enter two more markets by Q1 2023: Saudi Arabia and Egypt. The startup aims to direct the Kingdom’s proactive investors and encourage young Egyptians to tap into the rapidly growing asset class created in their domestic markets.
Currently, at 30+ team members, Stake is gearing towards recruiting new talent and doubling the team size in its expansion markets. The startup will provide investors more liquidity and democratise the real estate asset class. The region calls for a better real estate investment journey for its population of over 400 million, saving upwards of $500 billion a year.
