Cairo-Based Proptech Birdnest Secures Pre-Series A Funding

Birdnest, a proptech startup headquartered in Cairo, Egypt, has successfully completed a pre-Series A funding round aimed at accelerating its growth and expanding its market presence.

The funding round saw participation from Beltone Venture Capital, a subsidiary of Beltone Holding, and CI Venture Capital, a subsidiary of Citadel International Holdings based in Abu Dhabi. While the specific financial details were not disclosed, it was revealed that the investment involves a 20% equity stake in Birdnest, indicating strong investor confidence in the company’s vision.

Mostafa El-Nahawy, Co-CEO of Birdnest, commented, “This partnership with Beltone Venture Capital, a firm with substantial investment banking experience, provides us with strategic financial support necessary for our next growth phase.”

Birdnest is renowned for its innovative approach to real estate investment and management, aiming to maximize investor returns and offer value to tenants through the use of advanced technology. Their platform streamlines processes, making real estate investment more efficient and accessible.

Ali Mokhtar, CEO of Beltone Venture Capital, stated, “We are excited to support Birdnest and its leadership team in their vision to lead and innovate the real estate sector in the MENA region. Birdnest has demonstrated strong operational performance, and with its ambitious expansion plans, it is well-positioned to become the leading proptech company in the region.”

The newly acquired funds will be utilized to enhance Birdnest’s regional quality team, improve its proprietary technologies, and support aggressive marketing efforts to solidify its market position. The company plans to expand its operations within Egypt and across key regional markets, including Athens, Dubai, and Riyadh.

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