Sequoia India leads $37 mn funding in UAE’s Huspy; WEMA, Torod get seed money

 Sequoia India leads $37 mn funding in UAE’s Huspy; WEMA, Torod get seed money

Huspy, a UAE-based proptech startup, said on Tuesday it has raised $37 million in its Series A funding round led by Sequoia Capital India.

Founders Fund, Fifth Wall, Chimera Capital, Breyer Capital, VentureFriends, COTU Ventures, BY Venture Partners and VentureSouq also joined the round, Huspy said.

The startup also said the transaction marks the debut Middle East investments by US-based venture capital firms Founders Fund and Fifth Wall.

The two-year-old startup plans to use the fresh capital to expand across Europe, Middle East and Africa.

Huspy says it is building a single platform to search, schedule viewings, close, and finance properties to make the home buying process hassle-free.

The Series A round comes a little more than a year after Huspy raised seed capital in April 2021.

WEMA Health

The UAE-based WEMA Health, a newly launched health-tech startup focused on weight loss and diabetes, has raised a $3.5 million seed round.

Founded in March 2022 by Rita Nawar and Filip K. Knop, WEMA Health connects its users with endocrine specialists on its app, enabling them to implement lifestyle changes necessary to achieve sustainable weight loss.

It was recently incubated under Dawn Health, a global digital health company.

“Metabolic health involves not only the food we eat but also our energy and stress levels, emotional health and sleeping pattern. All these aspects play an important role and need to be taken care of when a person wants to lose weight,” Nawar said.

Torod

Saudi Arabia-based logistics platform Torod has raised a $1.33 million seed round led by Impact46 with participation from local investors including Hala Venture and Seedra Venture.

Founded in early 2022 by Faisal Almaklas and Ammar Almaatouq, Torod provides online merchants with post-order management services, allowing them to choose the shipping method for their orders.

Torod plans to use the fresh capital to enable a cost-effective shipping process for D2C retailers and enhance the post-order experience for both merchants and consumers.

Faisal Al Mukhles, CEO and co-founder of Torod, said the company helps ecommerce merchants to control and monitor the whole delivery process by catering to customers’ variant needs.

Aman Malik

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