Coraly.ai (formerly Coralytics), a proptech company that helps real estate professionals generate and convert leads in the MENA region and beyond, has raised $2 million in a pre-seed funding round.
The round was led by Salica Oryx Fund, an early-stage investment fund in Abu Dhabi Global Market (ADGM) managed by Salica Investments. EQ2 Ventures and a group of strategic angel investors also participated.
“Real estate agents globally are underserved by fragmented, outdated sales tools. Through Coraly.ai, our mission is to simplify growth with AI that just works,” said Fouad Bekkar, Founder and CEO of Coraly.ai. “This funding gives us the firepower to accelerate product innovation further and expand into key growth markets. Our vision is to make high-impact technology radically accessible for agents everywhere, starting with the GCC and expanding globally.”
The funding will be used to speed up product development, grow Coraly.ai’s engineering team and enhance its AI capabilities.
Coraly.ai will strengthen its market leadership in the UAE, start operations in Saudi Arabia, and run pilot programs in France and the U.S. The investment will also help build commercial infrastructure and go-to-market capabilities for long-term growth.
“Salica Oryx Fund is delighted to be an early supporter and investor in Coraly.ai. It represents a significant advancement in real estate marketing technology, offering an AI-powered platform that fundamentally transforms how properties are marketed and presented online,” said Ivo Detelinov, General Partner of Salica Oryx Fund.
Patrick Thiriet, CEO of EQ2 Ventures, said, “AI is about to greatly boost productivity in industries where professionals still rely on outdated software. The property market is one of these, with real estate agents spending too much time on tasks that don’t add value.”
He added, “Fouad and the Coraly.ai team have a strong understanding of AI and the challenges in real estate. We at EQ2 are excited to help them tap into this global opportunity.”
Coraly.ai’s expansion strategy is driven by strong regional growth and new market opportunities. The recent rebrand from Coralytics to Coraly.ai reflects its global vision and highlights its position as a modern, AI-first platform that helps real estate professionals grow their business. In the GCC the company has strengthened its leadership in the UAE and plans to launch operations in Saudi Arabia later this year.
In Europe, Coraly.ai partnered with SNPI, France’s largest professional real estate union representing over 14,800 agencies. In North America, the company secured its first MLS partner in the U.S., with initial pilot programs set to begin in the coming months.
Read more- Arintra raises $21 Mn in Series A round
