Dubai-based real estate platform Property Finder raised $120 million in an investment round.
Property Finder will use the net proceeds for product and technology development, expand the brand in its existing markets of Saudi Arabia, Egypt, Turkey, the UAE, Qatar, Bahrain, Lebanon and Morocco.
Led by U.S.-based venture capital firm General Atlantic, the round also had participation from non-profit organisation Endeavor and existing investor Vostok New Ventures valuing Property Finder at $500 million.
With the investment, Property Finder expects to add about 200 staff to its 450 workforce by the end of 2019. General Atlantic will join Property Finder’s board of directors.