Tuesday, 28 May 2024

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STARTUP WATCH

Holo closes pre-series A funding round to boost expansion plans

The company seeks to boost its presence in UAE and Saudi Arabia

Digital mortgage platform Holo closed a pre-series A funding round led by the Dubai Future District Fund and UK-based MENA investment fund Oryx, according to a press release, which did not disclose the value of the round. The funding round also saw participation from new investor Aditum Investment Management. The company, which was founded in 2019, closed a seven-figure seed round in February 2023.

Holo will use the funds to boost its UAE market presence, expand into Saudi Arabia, and grow its team and product lines across the GCC, according to the statement. “We are doubling down on our multiple platforms - direct to customers, agent apps and internal. These products have been built to allow for regional deployment,” COO and co-founder Arran Summerhill said.