Taylor Wessing has advised Stake, a Dubai-based real estate fintech, on its $14 million Series A funding round.
Stake has secured funds from investors including Middle East Venture Partners (MEVP), Wa’ed, the venture capital arm of Saudi Aramco, and Mubadala, an Abu Dhabi sovereign wealth fund.
Founded in 2021, Stake enables users around the world to invest in real estate through fractional ownership starting from AED 500 ($136). They can purchase a share in a property that it manages on behalf of shareholders, enabling them to earn income from monthly rentals.
A key focus of its most recent capital raise is to scale into the rapidly growing Saudi Arabian real estate market, according to an announcement from Taylor Wessing. It also has plans to enter Abu Dhabi from next year.
Stake was advised by Taylor Wessing Dubai partner and MENA corporate head Abdullah Mutawi, who said:
“Attracting substantial Series A capital from the region’s top-tier investors is a testament to the quality of their team and product and we wish them the very best with their growth plans.”
