Dubai Based Property Matching Platform Nomad Homes Raises $20 Million

September 29, 2021

Emirati PropTech startup Nomad Homes has raised a $20 million Series A round to continue its mission to simplify house hunting in the region.

Founded in 2019 by three ex-pats with backgrounds in Blackstone, Addepar, Goldman Sachs and Uber, Nomad Homes has raised a total of $24 million so far from investors including Goodwater Capital, HighSage Ventures, Abstract Ventures, Partech, Class 5 Global, Precursor Ventures and Alta Park Capital.

Nomad Homes Founders Dan Piehler, Helen Chen And Damian Drap
Nomad Homes founders Dan Piehler, Helen Chen and Damian Drap

The latest round saw investment from several big names in the industry including former Zillow CEO Spencer Rascoff, Opendoor CEO Eric Wu and former Compass COO David Snider.

Nomad Homes is using data to build out an MLS type database for its markets before using that data and a user questionnaire to match its customers with homes rather than have them search.

The company also employs local property experts to handle negotiations and deal with paperwork, effectively providing an end-to-end concierge service for consumers who might be new to the country.

Currently operational in Dubai and Paris, the firm plans to expand into Southern European markets while hiring in the US and Europe to double its current staff of 32 by the end of the year.

September 29, 2021
Since March 2020 Edmund's job has been to read about, write about, collect data on, analyse and generally know about real estate marketplaces and the companies that run them. Before that he worked at the aggregator Mitula Group (which became Lifull Connect) for five years.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Cooperrocketacq
Rocket to Acquire Mr Cooper Mortgage Service for $9.4 Billion

Rocket Companies has announced a $9.4 billion all-share deal to acquire Mr. Cooper, the largest mortgage servicer in the United...

Read More
Scout24 German Houses 1
Scout24 Closes Another Data-Focused Acquisition

Germany-based marketplace operator Scout24 has continued its expansion into real estate data with the acquisition of Austrian proptech firm ImmoUnited....

Read More
People Roundup 28Mar 2
People Roundup: Aviv Group, Pisos.com, Kleinanzeigen, REA India, Anjuke

There have been several high profile C-suite moves in this week's People Roundup. We'll start in Europe...   Europe: Aviv...

Read More
Product Update 2025Mar28 3
Product and Services Roundup: Zoopla, ViewIt

This week's Product Roundup starts in the UK, where it's all about Zoopla...   UK: Zoopla's MyHome product is used...

Read More

Editor's Pick