Saudi proptech HissaTech raised $670K Pre-seed funding from angel investors

Angel investors led the $667,000 pre-seed funding round for Saudi PropTech startup HissaTech. By improving its digital platform, which makes it easier to access properties with the potential to generate income, the company hopes to increase real estate investment in Saudi Arabia.

With the help of HissaTech’s platform, individuals can co-own real estate assets, sharing in the rental income and possibly even capital gains when property values increase. The platform makes real estate more accessible to a wider range of investors by lowering entry barriers and enabling smaller investments.

In order to strengthen HissaTech’s position in the PropTech industry, the recently raised funds will be utilized to expand the company’s clientele throughout Saudi Arabia, enhance the platform for a more seamless investing experience, and establish tactical alliances.

HissaTech seeks to address the growing demand for transparent and safe real estate investment opportunities by giving regular rental returns and the possibility of long-term value growth, making property ownership more accessible to average investors.