Egyptian proptech company Nawy has successfully raised $52 million in its Series A funding round, marking one of the largest investments in Africa’s proptech sector.
The round was led by Partech Africa, with participation from investors including e& Capital, March Capital, and Verod-Kepple Africa Ventures.
Nawy’s Series A Fuels $52M Growth
Additionally, Nawy secured $23 million in debt financing from Egyptian banks, bringing the total funding to $75 million. Founded in 2019 by Mostafa El Beltagy, Nawy initially began as a real estate listing platform but has since evolved into a comprehensive real estate ecosystem.
The company now offers innovative services such as “Move Now, Pay Later” (Nawy Now), shared property ownership (Nawy Shares), and property management (Nawy Unlocked).
With over 1 million active users and a transaction volume of $1.4 billion by 2024, Nawy is poised to expand its reach across the MENA region.
The newly raised capital will enable Nawy to scale its operations in strategic markets such as Morocco, Saudi Arabia, and the UAE, enhance its AI-driven technology, and explore merger and acquisition opportunities to strengthen its market position.
