UAE’s property tech startup Nomad Homes raises $20mn for EMEA expansion

By Shilpa Annie Joseph, Desk Reporter
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UAE’s real estate listing platform Nomad Homes has raised $20 million in a Series A round in order to accelerate its expansion across Europe, the Middle East, and Africa (EMEA) region.

According to the statement, the round was co-led by 01 Advisors, an investment fund co-founded by former Twitter executives Mr. Dick Costolo and Mr. Adam Bain, and The Spruce House Partnership, a New York-based investment partnership.

The company intends to use the new funding to accelerate its expansion plans across EMEA, specifically in the Southern Europe region. Further, it will continue to spend heavily on its technology and expand its product and service offerings in order to provide a “one-stop-shop” for anything home-related.

Nomad combines technology with local customer service specialists to give house buyers the confidence to buy their dream home, resulting in the simplest, most personalized home purchasing process possible, from search to financing to signing.

Helen Chen
Helen Chen
Co-Founder & CEO

“We set out on a mission to simplify the most important personal and financial decision in your life. We believe that the combination of technology and personalized customer experience empowers our customers to buy their home with confidence. A lot of that confidence comes from the MLS that Nomad is creating, which provides home buyers the data and transparency to make that decision. We’re like a transactional Zillow, but in EMEA.”

“Nomad Homes has built an incredible platform that is shaping the future of real estate across EMEA. What the team is building is increasing market liquidity and simplifying the consumer experience. We have invested in similarly transformative companies in the US and are excited to partner with these founders and the entire team as they expand,” said Mr. Dick Costolo, managing partner of 01 Advisors.

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