Mubadala Technology co-led a $31 million Series B funding round for real estate platform Stake, which will be used for expansion in Saudi Arabia and internationally. The investment highlights growing investor confidence in proptech and Stake's pursuit of real estate asset tokenization.
This funding round underscores the growing investor confidence in property technology platforms that are democratizing real estate investment. Stake's expansion into Saudi Arabia and the U.S. signals a move towards globalizing access to real estate assets, while its pursuit of tokenization could set a precedent for the industry.
Stake secures $31M in Series B funding
Funds will be used for expansion in Saudi Arabia and internationally
Company is pursuing regulated tokenization of real estate assets
Funds will be used for expansion in Saudi Arabia and internationally
Stake secures $31M in Series B funding
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