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FinancialNews


  • 15-01-23

    MENA region witnesses surges in investment

    (MENAFN) Saudi Arabia-located venture capital DAAL has contributed in a USD5 million seed investing phase for Mexico-located proptech platform Pulppo in line with one of the top accelerators worldwide, Y Combinator.

    Established two years ago (2021), Pulppo proposes a platform for property brokers to surge their deals by supplying them with equipment to handle everything from property appraisals to trips.

    “In 2022, the company allied with 30 real estate brokerages in Mexico, who have seen year-on-year growth of between 50 and 60 percent in the first three months of activity after the alliance,” Matias Gath, co-founder of Pulppo, stated in an announcement.

    The firms prepare to cut the time span of selling a home in Latin America from 12 months to just 90 days utilizing its exclusive equipment.

    “DAAL is always looking for outstanding companies that disrupt the market and add value to their space. Not only we found that in Pulppo but we also found an enabler that focuses on the human element and eases things for them,” according to Abdulrahman AlQahtani, DAAL’s chief executive.

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