Dubai - Sharikat Mubasher: The Dubai-based proptech startup Stake secured $14 million in a Series A round, led by Middle East Venture Partners (MEVP), with participation from Mubadala Investment Company, Wa’ed Ventures, Al Jomaih Holding, and Republic, the company announced in a press release.

Stake will allocate the funds to fuel its plans to expand in Saudi Arabia this year, becoming the first platform to offer individuals outside of the Kingdom the opportunity to invest in Saudi real estate opportunities.

It will also use the funds to broaden its fast-growing investor pool, unlock new investment opportunities, and scale a world-class team to build out its globally renowned and market-leading product.

Rami Tabbara, Co-founder and Co-CEO of Stake, affirmed that the new investment will enable Stake to continue scaling its presence in the UAE while launching in Saudi Arabia.

“We are grateful to have a top-tier group of investors backing this funding round and placing significant trust in Stake and the future we are building. Having them onboard fortifies our commitment to expanding our product offerings and providing our investors with prime investment opportunities,” Tabbara said.

For her part, Manar Mahmassani, Co-founder and Co-CEO of Stake, stated that the decision to target Saudi Arabia is underpinned by its projected growth of 6% in 2025, positioning it as one of the fastest-expanding G20 economies.

“This raise marks a significant moment in our journey as we expand into this dynamic new market and partner with amazing new shareholders, including some of the strongest institutional and sovereign investors in the region, to advance our mission of empowering everyone to own and build wealth through real estate,” Mahmassani elaborated.

Stake is driving a wave of transformation within MENA’s financial and real estate landscape as it facilitated transactions for over 200 properties estimated at AED 355 million, with more than 50% of its investor base originating from outside the UAE.