• Saudi Arabia-based proptech HissaTech has raised $670,000 in a pre-Seed round, led by unnamed angel investors.
• Founded in 2024 by Ali Alshareef, HissaTech’s platform allows individuals to co-own properties, offering rental income and potential capital gains while lowering barriers to entry for smaller investors.
• HissaTech will utilise the new round to expand its customer base, enhance its digital platform, and build strategic partnerships within the proptech sector.

Source: Waya

Saudi PropTech startup HissaTech has announced raising $667,000 in a pre-seed funding round led by angel investors. The company aims to boost real estate investment in Saudi Arabia by enhancing its digital platform, which simplifies access to income-generating properties.

HissaTech’s platform enables users to co-own real estate assets, earning rental income and benefiting from potential capital gains as property values rise. By lowering the barriers to entry, the platform allows smaller investments, making real estate more accessible to a broader range of investors.

The newly secured funds will be used to grow the customer base across Saudi Arabia, improve the platform for a more streamlined investment experience, and form strategic partnerships to solidify HissaTech’s role in the PropTech sector.

As demand for transparent and secure real estate investment opportunities rises, HissaTech aims to meet this need by providing regular rental returns and potential long-term value growth, offering everyday investors a more accessible path to property ownership.