Nawy, a real estate technology platform based in Egypt, has raised $52 million in Series A equity funding. The company plans to use the funds to enhance its product offerings, invest in artificial intelligence capabilities, and support its expansion across the Middle East and North Africa (MENA).
The funding round was led by Partech. Other participating investors included e& Capital, March Capital Investments, Verod-Kepple Africa Ventures, Endeavor Catalyst, DPI via the Nclude Fund, VentureSouq, Outliers, HOF Capital, Plug and Play, and Shorooq Partners.
In addition to the equity investment, Nawy secured $23 million in debt financing from several Egyptian banks. These funds will be allocated to growing the company’s mortgage solutions.
Founded in 2019, Nawy has built a full-stack real estate platform to support property buying, selling, financing, investment, and management. The company was co-founded by Mostafa El-Beltagy, Abdel-Azim Osman, Ahmed Rafea, Mohamed Abou Ghanima, and Aly Rafea.
Nawy’s service offerings include:
Nawy ended the year with over $1.4 billion in Gross Merchandise Value (GMV) and more than one million monthly users. The company reported a 50-fold increase in revenue (USD terms) over the past four years, despite local currency depreciation.
The new capital will support:
The MENA region continues to attract interest from real estate investors due to rapid urbanization, infrastructure development, and a digitally active population. Nawy aims to position itself as a key player by streamlining the real estate process with digital tools and data-driven services.
Commenting on the investment, Tidjane Deme, General Partner at Partech, noted, “Nawy’s market understanding and execution capabilities position them well for long-term growth across the region.”
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By Proptechbuzz
By Ravi Kumar
