Huspy Secures $59 Million Series B To Revolutionize Digital Home Buying

Redefining UAE Mortgage Processes

In a market where traditional mortgage applications were synonymous with endless paperwork and pricing discrepancies, Huspy emerged as a clarion call for change. Founded by Jad Antoun, the startup streamlined home buying in the UAE by digitizing the mortgage process—a strategy that has since redefined standards in the region’s real estate sector.

Expanding Footprint Across Two Continents

Over the last five years, Huspy has ascended to become one of the largest proptech entities in the UAE, harnessing digital innovation to secure exclusive banking partnerships and facilitate pre-approved mortgage solutions. Building on this success, the company expanded into Spain—a market characterized by its fragmented real estate landscape—with a comprehensive network connecting over 100,000 agents and leveraging key partnerships with renowned platforms such as Property Finder and Idealista.

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Innovative, Network-Based Business Model

Eschewing the traditional iBuyer model and standard brokerage operations, Huspy employs a lean, network-based strategy. By empowering freelance agents with cutting-edge CRM tools, transaction support, and integrated mortgage products, offloading the need for inventory ownership, the startup mimics the efficiency of on-demand platforms like Uber for real estate. This model has enabled Huspy to capture significant market share—in fact, it reached a 30% penetration in the UAE mortgage market within just three years.

Strategic Investment in Growth and Innovation

The recent Series B round, led by Balderton Capital and totaling $59 million, signifies robust investor confidence in Huspy’s ability to scale further. With a track record of over 25,000 home purchases facilitated and more than 10x revenue growth since 2022, Huspy is well poised to expand operations in Saudi Arabia and continue its European rollout. As digital disruption continues to reshape the proptech industry amid rising interest rates and competitive challenges in sectors like U.S. real estate, Huspy’s AI-driven tools for brokers and agents are setting a new benchmark for operational excellence.

The Road Ahead

Looking to the future, Huspy intends to advance its expansion into major cities across Europe and the Middle East within the next four years. By targeting mid-sized urban centers with high transaction volumes and limited agent efficiency, the company plans to reinforce its market dominance and further optimize its digital mortgage distribution. With a well-honed strategy and a scalable business model, Huspy appears uniquely positioned to sustain its momentum in an increasingly competitive proptech landscape.

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Assessing The Divergent Energy Futures: The European Union Versus Cyprus

by THEFUTURE.TEAM

February 10, 2026

European Electricity Transition: A Bold New Horizon

A recent report, European Electricity Review 2026, published by Think Tank Ember, highlights a stark disparity between the energy strategies of the European Union and Cyprus. While the EU is rapidly advancing its renewable energy agenda, underpinned by an aggressive shift away from fossil fuels, Cyprus remains reliant on an increasingly costly and pollutant electricity system dominated by conventional fossil fuel sources.

European Union Electricity Mix 2025

The EU’s electricity landscape continues to shift toward renewables at a notable pace. Wind and solar energy now play a central role in the bloc’s power generation, gradually overtaking fossil fuels.

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According to projections for 2025, wind contributes 16.9% of electricity production and solar 13.2%, bringing their combined share to 30.1%, slightly ahead of fossil fuels at 29%. Hydropower remains significant at 17.6%, although drought conditions have constrained its output in several regions. In total, renewable sources account for 47.7% of the EU electricity mix, marking a historic milestone in the region’s green transition. Nuclear energy remains stable at around 23%, continuing to provide a consistent base load.

Technology/Source	Percentage (%)	Observations
Wind	16.9	Steady increase since 2015
Solar	13.2	Rapid development in recent years
Wind + Solar	30.1	Surpassed fossil fuels (29%)
Hydroelectric	17.6	Impacted by drought
Total Renewables	47.7	Driving the green transition
Coal	9.2	Marked decrease, nearing obsolescence
Natural Gas	16.7	Gradual decline, with a spike in 2025 due to reduced hydroelectric output
Other Fossil Fuels	3.1	Gradual decrease
Total Fossils	29.0	Substantial reduction
Nuclear	23.3	Maintained at steady levels

Cyprus’ Energy Conundrum In 2025

Cyprus presents a very different picture. Approximately 74% of its electricity generation still comes from oil and heavy fuel oil through traditional thermal units. Although the country has achieved strong photovoltaic growth, reaching 21% solar penetration, this progress is limited by insufficient grid modernization and the lack of large-scale storage capacity.

Despite being among EU leaders in solar installations for each person, Cyprus faces curtailment issues where excess renewable energy cannot be absorbed by the grid. Estimates suggest that up to 22% of renewable generation is occasionally curtailed, representing roughly 6–7% of annual electricity demand.

Energy Source	Percentage (%)	Observations
Oil/Heavy Fuel Oil	74	Dominant conventional thermal units
Solar	21	Robust photovoltaic growth without supportive storage
Wind	4	Minimal contribution
Other Renewables (Biomass)	1	Limited deployment
Total Renewables	26	A modest increase with potential for further expansion

Consequences For Electricity Pricing

The inefficiencies in managing renewable integration and the persisting reliance on fossil fuels have had a direct impact on electricity prices in Cyprus. Although temporary measures, such as a 10% VAT reduction through 2027, have been implemented, the cost per kilowatt-hour for 2025 is forecast at 31 cents —significantly above the EU average of 24.6 cents. This pricing imbalance erodes consumer purchasing power and undermines the competitiveness of the local economy.

Strategic Recommendations For Reform

A decisive recalibration of Cyprus’ electricity sector is essential to bridge the gap with its European counterparts. Key strategic recommendations include:

Establishment Of An Independent Coordination Authority: Create an autonomous body dedicated to aligning the efforts of relevant agencies to reduce electricity costs and secure a reliable energy supply.
Development Of A Long-Term Electric Generation Strategy: Formulate a strategic plan that balances the rational expansion of renewable energy with conventional sources, incorporating integrated energy storage solutions and robust system management protocols.
Prioritization Of Centralized Energy Storage And Grid Adaptation: Emphasize the need for centralized energy storage facilities and the reinforcement of distribution networks to stabilize the supply and effectively absorb surplus renewable generation.

Conclusion

Cyprus stands at a critical crossroads. To achieve affordable electricity and remain competitive, decisive reform and strategic investment in renewable infrastructure are imperative. Failure to act could exacerbate both economic and social challenges, further distancing Cyprus from the progressive energy blueprint exemplified by the European Union.

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