A regional consortium of real estate and technology companies has launched PropteX, a new accelerator program backed by a $5 million fund to support early-stage PropTech startups across the Middle East and North Africa.
The initiative brings together Paragon for Real Estate Development, Adeer International, and B-maistro, with Germany-based QNTF joining as a co-founding partner. Startup Factory, B-maistro’s startup enablement arm, will operate the accelerator.
PropteX aims to address the growing need for digital transformation within the real estate sector. Through its $5 million fund, the accelerator will invest in startups building technology-led solutions for property development, operations, and management.
Importantly, the program will focus on markets across Egypt, Saudi Arabia, the GCC, and the wider MENA region. The partners expect this regional approach to help startups design solutions that scale across different regulatory and market environments.
In addition to funding, PropteX will offer participating startups access to business development support, strategic advisory, and market-entry guidance. These services are intended to help founders refine their products, improve commercial readiness, and prepare for future investment rounds.
As a result, the accelerator positions itself as both a capital provider and a structured pathway for startups seeking to grow within a complex real estate ecosystem.
The launch of PropteX aligns closely with Paragon’s focus on smart, technology-driven commercial developments. The company is known for integrating Internet of Things (IoT) systems into its properties to improve energy efficiency and operational performance.
According to the company, these systems help optimize lighting and air conditioning usage, enabling energy savings of up to 60%. At the same time, Paragon continues to emphasize community-oriented workspaces designed to improve employee well-being and reduce workplace stress.
Leaders from the partner organizations view PropteX as a timely response to shifting industry needs.
Basil Al-Serafi, CEO of Adeer International, described the accelerator as a structured entry into the PropTech space. He noted that it creates opportunities for collaboration around smart and sustainable real estate ideas.
Bedier Rizk, CEO of Paragon for Real Estate Development, highlighted the role of PropteX in strengthening regional innovation. He expressed confidence that the program could accelerate PropTech adoption across MENA, beginning with Egypt.
Meanwhile, Mohamed Mounir El-Ahwal, CEO of B-maistro, pointed to the increasing urgency of digital transformation in real estate. He said the initiative reflects B-maistro’s broader effort to support technology-led growth for both startups and enterprises across Egypt and the Arab world.
—----------------------
Raising capital? Explore 3,000+ PropTech and ConTech VCs in one place →https://www.proptechbuzz.com/vc
If you are a proptech company and want to promote your products for free, go to proptechbuzz.com and submit your products. For investors or proptech buyers, sign up on our platform to stay informed about exciting updates and trends in the Proptech Ecosystem.
Explore more Proptech news at proptechbuzz.com/news, for news tips and promotions, reach out to marketing@proptechbuzz.com.