The UAE-based proptech company Holo has raised an undisclosed pre-Series A fundraising round headed by Aditum Investment Management Limited, Oryx Fund, and DFDF.
Holo is a 2020 startup founded by Michael Hunter and Arran Summerhill with the goal of making house ownership easier by providing digital mortgage services where prospective buyers and current homeowners may look at refinancing choices.
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With an immediate emphasis on Saudi Arabia, Holo plans to use the additional funding to fortify its position in the UAE market, expand its workforce, and penetrate other areas of the Gulf Cooperation Council.
The Middle East’s largest direct mortgage platform, Holo, has announced the conclusion of a financing round that was oversubscribed. After exceeding its initial goals, the company decided to provide potential investors a chance to participate in a pre-Series A round of investment, even though Series A funding was soon to follow.
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Leading the oversubscribed capital round was Oryx Fund, which added Aditum Investment Management Limited as a third investment to confirm their support.
Michael Hunter, CEO & co-founder of Holo, stated, “Our primary objective from the beginning has been to enable the ecosystem and build a robust platform for home buyers a core value we have consistently upheld. We have always prided ourselves on our capital efficiency and sustainable scaling. With this injection of new funds, we have the opportunity to scale aggressively while staying true to our core values.”
About Holo
Holo is a fintech startup located in the United Arab Emirates that aims to make house ownership easier by introducing digital mortgage services to the region for the first time.
