Egypt-based proptech startup Nawy has secured $52 million in a Series A funding round, marking one of the largest investments in the country’s real estate technology sector. The round was led by Partech Africa, with participation from prominent investors such as Nclude Fund, e& capital, Shorooq Partners, VentureSouq, and others. The funding round also includes $23 million in debt financing from leading Egyptian banks, bringing the total raised to $75 million.
Strategic Acquisition Boosts Post-Sale Services
As part of its growth strategy, Nawy recently acquired property management firm ROA and rebranded it as Nawy Unlocked. This move aims to strengthen the company's post-sale services by offering a more comprehensive real estate experience. Through this acquisition, Nawy is expanding its footprint beyond transactional support to include long-term property value and customer retention.
Innovative Digital Real Estate Solutions
Founded in 2019, Nawy operates a digital platform that integrates property listings, real estate advisory services, and financing options into a seamless user experience. The company offers innovative products such as “Nawy Shares,” which enables fractional property investment, and a “Buy Now, Pay Later” model tailored for real estate purchases. These offerings position Nawy at the forefront of digital transformation in Egypt’s property market.
Record-Breaking Growth in Sales and Revenue
Nawy’s financial performance has seen exceptional growth, with over $1.4 billion in property sales completed through its platform by the end of 2024. This marks a dramatic rise from just $38 million in 2020, driven largely by increasing demand for real estate as a hedge against inflation and currency devaluation. Over the same period, the company reports a fiftyfold increase in revenue in US dollar terms, reflecting strong operational execution and market fit.
Artificial Intelligence to Power Next Phase
Looking ahead, Nawy plans to allocate part of the new funding toward product expansion and technological enhancement, with a strong focus on artificial intelligence. The integration of AI will be key to optimizing platform operations, streamlining the customer journey, and delivering smarter real estate recommendations. These advancements aim to elevate the digital experience for both buyers and sellers, reinforcing Nawy’s competitive edge.
Investor Confidence and Global Backing
The Series A round attracted a diverse set of global investors, underscoring confidence in Nawy’s business model and market potential. Alongside lead investor Partech, other participants include Endeavor Catalyst, HOF Capital, March Capital, Outliers Venture Capital, Plug and Play Tech Center, and Verod-Kepple Africa Ventures. The participation of regional and international backers highlights the growing appeal of North African startups in the global investment landscape.
Targeting Expansion into MENA Markets
With fresh capital in hand, Nawy is preparing to scale its operations beyond Egypt into broader Middle Eastern and North African markets. The company has identified Morocco, Saudi Arabia, and the United Arab Emirates as priority markets for its next phase of expansion. This regional focus aligns with the growing demand for digital property solutions in high-growth urban centers across the MENA region.
A Vision Rooted in Founders' Experience
Nawy was co-founded by Mostafa El-Beltagy, Abdel-Azim Osman, Ahmed Rafea, Mohamed Abou Ghanima, and Aly Rafea, who together envisioned a platform to modernize Egypt’s real estate sector. Their combined expertise has helped build a company that merges technology, finance, and property into a unified solution. With this latest funding milestone, Nawy is positioned to accelerate its impact on the region’s real estate ecosystem.
Nawy’s latest funding round reflects both the strength of its business fundamentals and the rising investor appetite for proptech innovation in emerging markets. With a solid track record, ambitious expansion plans, and new capital to back its vision, the company is poised to lead a new wave of digital real estate services across MENA. As it scales operations and enhances its platform, Nawy is setting a benchmark for what’s possible in real estate technology from the region.