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Stake secure USD 4 million seed investment

Stake, a Dubai-based Fintech and Real Estate investment platform has announced that it has raised a $4M Seed funding round, led by Combined Growth Real Estate, a company that is led by Amer Hammour, who is the Founder and Chairman of Madison Marquette, a US-based real estate investment management company with $6 billion of assets under management and a member of the Capital Guidance group.

It also attracted participation from Vivium Capital, a Dubai based private family office in addition to Verve Ventures, Lama Holding from Riyadh, Mishaal Alireza a Saudi Arabian angel investor, and shareholders of the UK’s Chalgrove Properties Limited, who are the developers of the tallest residential tower in Western Europe, Landmark Pinnacle in London.

Stake launched in December 2020 to disrupt the UAE’s real estate investment market. Based in DIFC’s Fintech Hive and regulated by the DFSA, Stake allows users to browse pre-vetted selections of properties and invest from as little as AED 2,000 (US$545).

The company is steadfast in its mission to create the go-to digital, borderless marketplace for discovering and investing in what the team refers to as “no-brainer” real estate assets due to Stake’s focus on prime locations where the rental demand is high and the long-term fundamentals will be a strong driver of capital appreciation.

Stake co-founder Rami Tabbara commented “Our shareholders believe that in today’s world there is a much better way of investing in real estate. Through Stake, we will enable anyone to participate in this asset class in an easy, transparent, and digital way. This fundraising allows us to build the go-to digital real estate investment platform for Dubai property and eventually the region. We are focused on bringing the best property investment deals to our clients.”

Manar Mahmassani, co-founder of Stake, added “When we launched Stake, we made clear our goal to democratize real estate investment and remedy to ills of Dubai’s property market, which prevented the young from participating and delivered unattractive returns for experienced investors. Our shareholders believe in our vision for a world where real estate is a completely liquid and fully accessible investment asset class, available to everyone looking to preserve and grow their wealth. With this fundraise, we can accelerate our journey to radically improve the real estate investment market and bring this tangible asset into the new digital age.”

 

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