Property Finder was among our first portfolio companies in Fund I, and likewise we were the company’s first institutional investor. After we exited in 2024, our partnership didn’t end. Michael Lahyani remains a friend of the firm and a BECO advisor.
Now, over a decade later, we welcome Property Finder back into the fold as we embark on a new era. We’ve invested $20 million in Property Finder from our newly launched Growth Fund I, the fund’s first deployment.
Our Growth Fund backs companies that are past product market fit and operating with proven unit economics and validated scalability. Our underwriting emphasizes disciplined, data driven execution and clearly defined paths to scale, with any new products or adjacencies viewed as upside rather than dependencies. At the core, we partner with founders who prioritize durable, sustainable growth over short term expansion.
Property Finder has answered all those requirements. They’ve built a business that creates value for brokers, buyers, and sellers, making the market work better for all. You can read more about this in their most recent $170 million investment announcement, which follows their recently announced $525 million investment from global investors Permira and Blackstone.
Their announcement represents a milestone in the Gulf’s maturing ecosystem. Companies can now access institutional capital throughout their entire journey, with partners who understand the region’s unique dynamics and sophisticated global allocators. That wasn’t true when we started in 2012. The fact that Property Finder has raised from Mubadala, a UAE sovereign wealth fund, Permira, Blackstone, and BECO – spanning global private equity and regional institutional capital – shows how the region has matured.
We’ve always believed that the best partnerships are long-term, and with the addition of Growth Fund I, we have a full-stack platform to back original thinkers such as Michael and his team, from inception through to growth.
Congratulations to Mika and the whole Property Finder team, it’s great to be back alongside you!