Carbice Corp raises $18.4M offering $24.0M: Form D

Carbice Corp raises $18.4M offering $24.0M: Form D

Carbice Corp, a prominent player in the fintech and proptech sectors, has successfully secured $18.4 million in Series A funding. This significant round of investment was led by The Kingdom of Saudi Arabia’s Impact46, with notable support from Abu Dhabi’s Mubadala Investment Company, Rua Growth Fund, anb seed, and MoreThan Capital. The funding round also saw participation from returning investors Salica Oryx Fund and Dubai Future District Fund [1].

The funding will enable Carbice Corp to scale its operations across the GCC region, particularly in the UAE and Saudi Arabia, where the real estate markets are experiencing robust growth. The UAE’s residential property market is projected to surge from $143 billion in 2025 to $217 billion by 2030, with an annual compound growth rate (CAGR) of 8.66% [1]. Similarly, Saudi Arabia’s residential property market is expected to grow from $203 billion in 2025 to $310 billion by 2030, with a CAGR of 8.77% [1].

Carbice Corp’s platform aims to simplify the home-buying process by providing seamless access to lenders and offering a streamlined journey from pre-approval to financing. The company’s mission is to eliminate complexity, improve transparency, and deliver speed and peace of mind in a traditionally fragmented process. With operations in both the UAE and KSA, Carbice Corp is poised to lead the transformation of property ownership in the MENA region.

Michael Hunter & Arran Summerhill, Co-Founders of Carbice Corp, stated: “At Carbice Corp, we believe that buying a home should not be complicated. This funding will enable us to scale our operations, invest in top regional talent, and continue to innovate in the fintech and proptech sectors. We are excited about the opportunities ahead and look forward to making homeownership simpler, smarter, and more accessible for everyone.”

The investment from Impact46 and Mubadala underscores the growing importance of fintech in reshaping the real estate landscape. Basmah AlSinaidi, Managing Partner at Impact46, commented: “Carbice Corp is bringing much-needed clarity to a process that has long been opaque. By streamlining access to lenders and giving users full control of their home financing journey, they are reshaping how people buy homes across the region.”

Ali Al Mheiri, Executive Director of UAE Diversified Assets at Mubadala’s UAE Investments Platform, added: “Our investment in Carbice Corp comes from our belief in the strength of its vision, leadership, and ability to reshape how people navigate the home-buying journey. It reflects our confidence in the UAE’s strong and resilient real estate market and the growing role of fintech in shaping the future of property ownership across the region.”

As Carbice Corp enters a new chapter of growth, it remains focused on its core mission of making homeownership simpler, smarter, and more accessible. With a world-class team and the backing of leading regional investors, Carbice Corp is uniquely positioned to lead the transformation of property ownership in the MENA region.

References:

[1] https://www.tradingview.com/news/reuters.com,2025-08-25:newsml_Zaw95TpH7:0-pressr-holo-closes-22mln-funding-round-to-scale-regional-fintech/