HissaTech, a Saudi Arabian PropTech startup, has successfully closed a pre-seed funding round worth $667,000 (2.5 million Saudi Riyals). This funding was secured with the backing of several angel investors and marks a crucial milestone for the company, which aims to reshape the real estate investment landscape in Saudi Arabia. Founded in 2024 by Ali Alshareef, HissaTech is committed to making real estate investment more accessible through its innovative digital platform.

Empowering Investors Through Property Co-Ownership

HissaTech's platform offers a unique approach to real estate investment by enabling individuals to co-own income-generating properties. The model is designed to reduce barriers to entry, making it easier for smaller investors to participate in real estate ventures. Investors in HissaTech's platform can purchase fractional shares of real estate assets, receiving periodic returns from rental income and benefiting from potential capital gains as property values appreciate. This approach diversifies investment portfolios and opens up real estate opportunities to a wider audience who may have previously been excluded from the market due to high entry costs.

Enhancing the Digital Investment Experience

HissaTech's platform is more than just a tool for purchasing property shares. It aims to offer a seamless and transparent investment experience by providing detailed information about the properties, their assets, and associated returns. Investors can access all relevant data, participate in decision-making processes, and have full visibility into the performance of their investments. This digital solution ensures that even smaller investors have a comprehensive and secure way to enter the real estate market, providing them with the same level of access and control as larger stakeholders.

Expansion Plans and Future Vision

The newly raised capital will be used to expand HissaTech’s customer base across Saudi Arabia and further enhance its digital platform, making it more efficient and user-friendly. The company also plans to establish strategic partnerships within the PropTech sector to strengthen its market position. HissaTech aims to leverage these partnerships to bring innovative solutions to the Saudi real estate market, ensuring a broader reach and a more robust service offering for investors.

Saudi Arabia’s Growing Real Estate Market

The real estate market in Saudi Arabia has experienced significant growth in recent years, driven by increased demand for income-generating properties. In 2024, the market is estimated to be worth $69.51 billion, with projections indicating it could reach $101.62 billion by 2029. With a compound annual growth rate (CAGR) of 8%, the market is set for continued expansion, offering abundant opportunities for investors. HissaTech aims to be at the forefront of this growth by providing flexible and secure investment opportunities for those looking to diversify their portfolios.

Aiming for Long-Term Value and Investor Security

As the demand for transparent and secure real estate investment opportunities continues to rise, HissaTech’s platform is well-positioned to meet this growing need. By offering regular rental returns and the potential for long-term value growth, HissaTech ensures that everyday investors can safely enter the real estate market with confidence. The company’s focus on transparency, investor participation, and ease of access helps it stand out in the increasingly competitive PropTech space.

HissaTech’s successful pre-seed funding round marks a pivotal moment for the company as it expands its operations and solidifies its role in Saudi Arabia’s PropTech industry. With a unique co-ownership model, advanced digital platform, and plans for strategic partnerships, HissaTech is set to revolutionize real estate investment in the region. As the Saudi real estate market continues to grow, HissaTech offers investors an accessible and secure path to diversify their portfolios and benefit from the long-term appreciation of real estate assets.