Dubai’s property investment platform Stake raises $8m in pre-series A funding

Stake, a Dubai-based digital real estate investment platform has secured over $8m in a pre-series A funding round.

The funding was backed by venture capital investors, Middle East Venture Partners (MEVP) and BY Ventures, and also included participation from returning investors Vivium Holding and Combined Growth Real Estate. The company plans to invest the new capital in advancing its product and technology, upscaling its brand, and expanding operations across the region.

The latest funding follows a $4m seed round closed in June 2021, bringing the company’s total raised funds to over $12m.

Read: Dubai’s property investment platform Stake raises $4m in seed funding round

Stake has a base of 42,000 users from over 8o countries and 150 nationalities. Additionally, it has registered an average monthly growth rate of 17 per cent in both investors and assets under management (AUM), and a 500 per cent overall growth in AUMs in the past 12 months alone, it said in a statement. The company plans to enter the regional markets of Saudi Arabia and Egypt by first quarter of next year, and is also seeking to recruit talent and doubling its resource size in expansion markets. It currently employs over 30 people.

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. 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.”

“We believe that the future of property investment is digital, fractional, and hassle-free. The team at Stake has enabled thousands to become real estate invetsors and we are excited to partner with them as they scale in MENA,” adds Riyad Abou Jaoudeh, Partner at MEVP.