$2 Million Raised by Coraly.ai in Pre-Seed Round Led by Salica Oryx Fund
Coraly.ai has announced the close of a $2 million pre-seed funding round. The investment was led by Salica Oryx Fund, a MENA-focused early-stage fund managed by Salica Investments, with backing from EQ2 Ventures and angel investors. Fouad Bekkar, Founder and CEO of Coraly.ai, stated, “Real estate agents globally are underserved by fragmented, outdated sales tools. Through Coraly.ai, our mission is to simplify growth with AI that just works. This funding gives us the firepower to further accelerate product innovation and expand into key growth markets. Our vision is to make high-impact technology radically accessible for agents everywhere, starting with the GCC and expanding globally.”
The capital will fuel product enhancements, AI capability expansion, and market entry into Saudi Arabia, France, and the US. Coraly.ai will also strengthen its UAE leadership and build commercial infrastructure for scalable growth. Ivo Detelinov, General Partner of Salica Oryx Fund, commented, “Salica Oryx Fund is delighted to be an early supporter and investor in Coraly.ai. It represents a significant advancement in real estate marketing technology, offering an AI-powered platform that fundamentally transforms how properties are marketed and presented online.”
Patrick Thiriet, CEO of EQ2 Ventures, added, “AI is about to leapfrog productivity across many industries where professionals still use ill-adapted legacy software products to run their business. The property market is one of those verticals, with real estate agents spending too much time on non-productive tasks. Fouad and the Coraly.ai team combine their deep knowledge of evolving AI capabilities with a strong understanding of those challenges, and we at EQ2 are looking forward to helping them crack what is a global opportunity.”
Coraly.ai’s expansion includes a partnership with SNPI, France’s largest real estate union, and a pilot with a US MLS partner. The rebrand from Coralytics to Coraly.ai reflects its ambition to become a category leader in AI-driven proptech.
