Egypt’s Nawy Raises $75M Series A to Scale Proptech Platform
TLDR
- Cairo-based proptech startup Nawy has raised $75 million in Series A funding—$52 million in equity and $23 million in debt
- The round was led by Partech Africa and includes participation from e& Capital, Nclude Fund, Endeavor Catalyst, and other regional and global investors
- The Series A round, one of the largest for an African startup, will support expansion and the integration of AI across its platform.
Cairo-based proptech startup Nawy has raised $75 million in Series A funding—$52 million in equity and $23 million in debt—to expand its real estate platform across North Africa and the Middle East. The round was led by Partech Africa and includes participation from e& Capital, Nclude Fund, Endeavor Catalyst, and other regional and global investors.
Founded in 2019 by Mostafa El Beltagy and four co-founders, Nawy digitizes the process of buying, selling, and financing real estate in Egypt, combining a listings platform with in-house brokerage and financial services. The startup has recorded over $1.4 billion in GMV in 2024, up from $38 million in 2020.
The platform’s growth has come despite Egypt’s economic headwinds, including a 69% devaluation of the pound, as demand from the diaspora and interest in real estate as an inflation hedge continue to drive activity. The Series A round, one of the largest for an African startup, will support expansion and the integration of AI across its platform.
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Points clés à retenir
Nawy launched to solve Egypt’s opaque and fragmented property market by offering buyers a transparent digital platform. Over time, it added services for developers, brokers, and investors, creating a full-stack ecosystem. Products like Nawy Shares—a fractional ownership option starting at $500—and Move Now Pay Later, its embedded real estate financing solution, have helped the startup reach middle-income Egyptians, a segment historically underserved by traditional mortgage products. These offerings are backed by a $23 million debt facility from Egypt’s top banks. With over 3,000 brokerages onboard and a million monthly site visitors, Nawy now plans to enter Morocco, Saudi Arabia, and the UAE, where regional players like Huspy and Property Finder dominate. The company is also exploring M&A opportunities, having recently acquired property management startup ROA (rebranded as Nawy Unlocked).
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