Property Finder, a Dubai, United Arab Emirates—based real estate classifieds portal in the Middle East, North Africa and Turkey, received a $120m investment.
The round was led by General Atlantic, with participation from existing shareholder Vostok New Ventures. As part of the transaction, Chris Caulkin of General Atlantic will be joining Property Finder’s Board of Directors.
The company will use the funds to build innovative products and expand its business reach.
Founded in 2007 by Michael Lahyani, Chief Executive Officer, Property Finder is currently the market leader in real estate classifieds in the United Arab Emirates, Qatar, Bahrain, and Lebanon with growing market share in Egypt, Saudi Arabia, Morocco, and Turkey. The company employs more than 450 people across 8 countries and delivers over 800,000 monthly inquiries to its customers.
The platform has approximately 6 million monthly visits.