TLDR:
- Mubadala Investment Co. supports Dubai-based real estate fintech Stake with $14m in funding.
- Stake utilizes the fractional ownership model to allow property investments starting at 500 dirhams.
A recent article discusses the support provided by Mubadala Investment Co. to the Dubai-based real estate fintech company Stake. The funding of $14 million came from a Series A round, where investors such as US-based private platform Republic, Wa’ed Ventures of Aramco, and Mubadala Investment Co., among others, contributed. Stake uses the fractional ownership model to enable property investments starting at 500 dirhams. With over 500,000 users, half of whom are from outside the UAE, the company plans on expanding to Saudi Arabia. Stake, established in 2021, has already acquired more than 200 properties totaling 355 million dirhams. The real estate market in Dubai has been flourishing mainly due to the influx of affluent individuals from around the globe.
Additionally, the article highlights the Deep Tech Nation Switzerland Foundation, a collaboration between UBS and Swisscom, aiming to mobilize CHF50 billion for Swiss start-ups over 10 years. Despite Switzerland’s strong innovation ecosystem, the lack of venture capital, especially in the deep tech sector, hinders commercialization. Start-ups in Switzerland require more financial support for growth, as currently only under CHF3 billion per year is utilized. UBS Switzerland’s president, Sabine Keller-Busse, emphasizes the importance of improving the framework conditions for launching technology to address societal challenges.
