Here's an exclusive look at the pitch deck this Dubai-based proptech startup used to raise $4 million

  • Dubai-based property tech startup Nomad Homes has raised $4 million in a seed round led by Comcast Ventures. 
  • Other investors included Abstract Ventures, Partech, Precursor Ventures, WndrCo, and Class 5 Global. 
  • Helen Chen, cofounder and CEO of Nomad, told Business Insider that the company's marketplace offers "better verification and transparency, a removal of duplicate listings, and a smoother online experience."
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A startup founded by former employees at Blackstone, Addepar, and Uber that aims to digitize the Middle East's offline property culture has just raised a $4 million seed round.

The round was led by Comcast Ventures. Other investors in the round included Abstract Ventures, Partech, Precursor Ventures, WndrCo, and Class 5 Global. 

The Dubai-based company runs an online marketplace designed to combat fake and duplicate listings. It makes a commission when users buy or rent a home through the platform, which is an online multiple listing service (MLS), allowing brokers to see each other's listings. Prospective buyers can view both photos and videos of properties.

Helen Chen, cofounder and CEO of Nomad, told Business Insider that many property markets in the Middle East "share similar characteristics in that much of the process is offline."

"The customer experience can be improved through better verification and transparency, a removal of duplicate listings and a smoother online experience," she said.

Nomad was founded last year when Chen dropped out of her MBA to pursue her interest in real estate. Formerly an investor on Blackstone's private equity desk, she saw the evolving proptech market in the US and believed similar changes could work in the Middle East and Europe. 

"We immediately clicked with our investors," Chen said. "We view investors as financial and thought partners so when we started fundraising we wanted someone who supported us not just with with money but also supported the company."

The company has hired four employees, working remotely, during the coronavirus pandemic as it looks to scale up. The next stage for the platform, currently focused on the Middle East, is growing its US tech offering and expanding into a new city in Europe. 

Check out Nomad's redacted pitch deck below:

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