Property technology company Nawy has successfully raised $52 million in a Series A equity round to support its strategic expansion across Egypt and the broader MENA region.
The fresh capital injection will also enhance the company’s AI and data infrastructure, reinforcing its digital real estate offerings.
The funding round was led by global investor Partech and drew backing from a range of prominent investors including e& Capital, March Capital Investments (MCI), Verod-Kepple Africa Ventures (VKAV), and Endeavor Catalyst.
Other participants included DPI Venture Capital through the Nclude Fund, as well as Shorooq, VentureSouq, Outliers, HOF Capital, and Plug and Play.
In addition to the equity financing, Nawy secured $23 million in debt funding from several Egyptian banks and financial institutions.
This funding is designated specifically for expanding its mortgage services vertical.
Founded in 2019, Nawy was established by a team of entrepreneurs—Mostafa El-Beltagy, Abdel-Azim Osman, Ahmed Rafea, Mohamed Abou Ghanima, and Aly Rafea.
The platform provides users with a seamless experience to buy, sell, finance, and manage real estate assets.
Among its suite of services are innovative products like “Nawy Now” for mortgages, “Nawy Shares” for fractional ownership, and “Nawy Unlocked,” which handles property renovations, rentals, and asset management.
One of Nawy’s standout features is its B2B offering—Nawy Partners—which provides over 3,000 brokerages with direct access to developers, along with advanced sales tools powered by technology.
According to CEO and co-founder Mostafa El-Beltagy, the new investment marks a significant milestone for the startup.
“This funding empowers us to scale faster, integrate more AI into our services, and pursue our vision to transform real estate in MENA and beyond,” he said.
The company has demonstrated exceptional growth, with gross merchandise value (GMV) exceeding $1.4 billion by the end of 2024—up from $38 million in 2020.
It also crossed the one million monthly active users mark. Impressively, Nawy’s revenues surged more than 50-fold over a four-year period, despite a significant depreciation in the Egyptian currency.
In early 2025, Nawy completed the acquisition of ROA, a platform specializing in home finishing and property management.
The acquired business has been integrated under the “Nawy Unlocked” brand, allowing property owners to renovate and monetize underutilized or unfinished units.
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