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UAE-based proptech startup Nomad Homes raises $20 mn to expand in EMEA

Nomad Homes funding-IFM-image
The funding round was co-led by 01 Advisors and the Spruce House Partnership

UAE-based proptech startup Nomad Homes has raised around $20 million in its Series A funding round which was co-led by 01 Advisors and the Spruce House Partnership, media reports said. Nomad Homes will use the funds to expand its business across Europe, Middle East and Africa (EMEA).

Other investors that also participated in the funding round for Nomad Homes include Goodwater Capital, HighSage Ventures, Abstract Ventures, Partech, Class 5 Global, Precursor Ventures and Alta Park Capital.

Nomad Homes said that it will continue to invest heavily in its technology and offer additional products and services to offer a one-stop-shop for everything related to the home.

Helen Chen, Nomad Homes chief executive told the media, “We believe that the combination of technology and personalised customer experience empowers our customers to buy their home with confidence. A lot of that confidence comes from the multiple listing services (MLS) that Nomad is creating, which provides home buyers the data and transparency to make that decision.”

Recently, the Dubai Land Department (DLD) revealed that Dubai recorded 1,592 real estate and properties transactions at the value of AED6 billion in total during the week ending 30th September 2021. As per the report, 73 plots were sold for Dh350.29 million and 1,080 apartments and villas were sold for DhD2.74 billion.

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