UAE’s neighborhood app Hayi has raised $325,000 in a funding round led by Sarya Holdings and Falak Startups, with the participation of key angel investors.
According to the statement, the community-based firm is dedicated to developing a secure and unique platform that can help bring communities together both online and offline.
Further, the startup intends to use its recent funding to speed its growth across the country before pursuing strategic expansion into additional regions with the objective of becoming the region’s largest hyperlocal social network.
Mr. Chris Darnell, CEO of Hayi said, “Residents are looking to connect with each other now more than ever. A stronger and more connected neighborhood can introduce a wealth of benefits to an individual’s day-to-day life, as well as tackling an array of issues which have become inflated these past two years with the pandemic.”
“The fundraising round will really help us develop the product further for all end-users and create an exclusive space for them to connect, without irrelevant noise from outside their community,” noted Mr. Rene Morgan, COO of Hayi.
As per the statement, Hayi aims to collaborate with all Community Management and Property Development firms across the region as part of its freemium strategy and has witnessed a surge in interest from these firms in using the free app to better communicate with their people and build a stronger and more connected community.
“We are beyond excited to start our journey with Hayi’s outstanding team and become part of the immense growth of the first of its kind neighborhood management solution. Hayi presents a great opportunity for us to learn about community behavior as well as a powerful platform to integrate with many other solutions,” commented Falak Startups.
On behalf of in5, Dubai’s leading business incubator that has three centers covering media, tech, and design, Mr. Majed Alsuwaidi, Managing Director of Dubai Media City remarked, “Hayi joins a growing list of startups that are thriving after coming through in5’s ecosystem which is designed to help entrepreneurs transform ideas into commercially viable ventures. Success stories such as Hayi’s also bolster Dubai’s reputation as a leading destination for talent and entrepreneurs.”
Hayi
Established in 2020, Hayi is a hyperlocal social network that digitizes UAE neighborhoods by connecting all neighbors, local businesses, and community managers to build stronger and more connected communities.
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