Dubai’s Property Finder Raises $90 Million Debt From Francisco Partners
- Deal helped finance buyout of its first institutional investor
- Transaction allows BECO Capital to exit with ‘strong returns’
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Dubai-based Property Finder raised $90 million in debt from Francisco Partners to help finance the buyout of its first institutional investor, signaling continued foreign interest in the United Arab Emirates’ thriving real estate market.
The online real estate platform bought back the stake held by BECO Capital, a regional venture capital firm that previously invested in ride-hailing app Careem — now owned by Uber — and failed logistics startup Fetchr. Property Finder said the deal allows BECO to exit “with a strong return on its investment.” It didn’t give details.