Latest news with #Coralyai
Zawya
3 hours ago
- Business
- Zawya
UAE-based Coraly.ai secures $2mln funding to fuel regional expansion, international market entry
UAE – Proptech company formerly known as Coralytics, has recently closed a $2 million pre-seed funding round that was led by Salica Oryx Fund, a MENA-focused early-stage investment vehicle based in Abu Dhabi Global Market (ADGM) and managed by Salica Investments. The secured investment was carried out with the participation of EQ2 Ventures as well as a group of strategic angel investors, according to a press release. which is headquartered in the UAE, will use the proceeds of the funding to fuel AI-driven growth for real estate professionals in addition to regional expansion across the GCC and early market entry in Europe and North America. Moreover, the funding aims to accelerate product development like expanding the engineering team, boost AI capabilities, and support commercial rollout in Saudi Arabia, France, and the US. Founder and CEO of Fouad Bekkar, said: 'Real estate agents globally are underserved by fragmented, outdated sales tools. Through our mission is to simplify growth with AI that just works.' Bekkar elaborated: 'This funding gives us the firepower to further accelerate product innovation and expand into key growth markets.' The CEO of the proptech firm concluded: 'Our vision is to make high-impact technology radically accessible for agents everywhere, starting with the GCC and expanding globally.' will also utilize the investment to consolidate its market leadership in the UAE, establish operations in Saudi Arabia, and initiate pilot programs in France and the US to explore early market opportunities while supporting the buildout of commercial infrastructure and go-to-market capacities to drive long-term growth. In the GCC, has already reinforced its leadership in the UAE and will launch Saudi Arabian operations later in 2025. Meanwhile, in Europe, the company recently signed a go-to-market partnership with SNPI, France's largest professional real estate union representing over 14,800 agencies, while in North America, it secured its first MLS partner in the US, with initial pilots scheduled to commence in the coming months. A recent report showed that the proptech market in the UAE is expected to grow to AED 5.69 billion by 2030 from AED 2.24 billion in 2024.
Wamda
13-08-2025
- Business
- Wamda
UAE's Coraly.ai raises $2 million pre-seed to accelerate Saudi expansion
UAE-based proptech (formerly Coralytics) has raised $2 million in a pre-seed round led by Salica Oryx Fund, with participation from EQ2 Ventures and other angel investors. Founded in 2022 by Fouad Bekkar, offers an AI-powered growth platform for real estate professionals, providing lead enrichment, automated campaigns, and performance insights to help agents acquire more customers. the funding will accelerate product development, expand AI capabilities, and support commercial rollout in Saudi Arabia, pilot programmes in France and the United States, and strengthen presence in the UAE. Press release: (formerly Coralytics), the proptech company transforming how real estate professionals generate and convert leads across the MENA region and beyond, today announced the closing of a $2 million pre-seed funding round. The round was led by Salica Oryx Fund, a MENA-focused early-stage investment vehicle based in Abu Dhabi Global Market (ADGM) and managed by Salica Investments, with participation from EQ2 Ventures as well as a group of strategic angel investors. 'Real estate agents globally are underserved by fragmented, outdated sales tools. Through our mission is to simplify growth with AI that just works,' said Fouad Bekkar, Founder and CEO of 'This funding gives us the firepower to further accelerate product innovation 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 investment will be used to accelerate product development, including expanding the engineering team and deepening its AI capabilities. will also consolidate its market leadership in the UAE, establish operations in Saudi Arabia, and initiate pilot programmes in France and the United States to explore early market opportunities. Further, the funding will support the buildout of commercial infrastructure and go-to-market capacities to drive long-term growth. 'Salica Oryx Fund is delighted to be an early supporter and investor in 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, added, 'AI is about to leapfrog productivity across many industries where professionals still use ill-adapted legacy software products to run their business. The property market is one of those verticals, with real estate agents spending too much time on non-productive tasks. Fouad and the team combine their deep knowledge of evolving AI capabilities with a strong understanding of those challenges, and we at EQ2 are looking forward to helping them crack what is a global opportunity.' expansion strategy is anchored by strong regional momentum and new market entry points. The recent rebrand from Coralytics to reflects this broader global vision and reinforces the company's position as a modern, AI-first platform designed to simplify growth for real estate professionals worldwide. In the GCC, the company has already reinforced its leadership in the UAE and will launch Saudi Arabian operations later this year. In Europe, recently signed a go-to-market partnership with SNPI, France's largest professional real estate union, representing over 14,800 agencies. In North America, has secured its first MLS partner in the United States, with initial pilots scheduled to commence in the coming months.
