Egyptian proptech startup Nawy has secured $52m in Series A funding, marking one of the largest single rounds in the country’s real estate technology sector to date. The equity round was led by Partech Africa, with backing from a diverse pool of global and regional investors including Nclude (by DPI), e& capital, Shorooq Partners, VentureSouq, Endeavor Catalyst, March Capital, Outliers VC, HOF Capital, Plug and Play, and Verod-Kepple Africa Ventures. The raise was accompanied by an additional $23m in debt financing from major Egyptian banks, bringing the total capital injection to $75m.
The Cairo-based company, founded in 2019, offers a hybrid platform combining real estate listings, brokerage services, fractional ownership, and embedded financing. Nawy says it will use the new funds to deepen its product offering, invest in artificial intelligence, and fuel geographic expansion into Morocco, Saudi Arabia, and the UAE.
“We believe the Middle East and North Africa are still underserved when it comes to end-to-end real estate digitisation,” said CEO Mostafa El Beltagy, one of five co-founders. “This funding will help us scale more rapidly and continue building integrated services that make home ownership more accessible and transparent.”
The raise follows a period of rapid growth for Nawy, whose total transaction value has surged from $38m in 2020 to over $1.4bn by the end of 2024, driven by growing domestic demand for real estate as a hedge against inflation and currency instability.
To complement its sales platform, Nawy recently acquired ROA, a property management startup, rebranding it as Nawy Unlocked. The new unit focuses on helping property owners turn underutilised or unfinished homes into rental-ready units. The service includes renovation financing, tenant acquisition, and rental management, with Nawy offering to cover up to 50% of finishing costs via loans that are recovered from rental income.
“Nawy Unlocked allows us to stay engaged with customers after the point of sale and support them in unlocking long-term value from their investments,” said Mahmoud Abdel Maqsoud, General Manager of Nawy Unlocked.
Nawy’s model blends search and transaction functionality with personalised recommendations, advisory support, and financial products like Nawy Shares (a fractional ownership product) and a “Move Now, Pay Later” scheme.
Behind the scenes, the company leverages machine learning and its own CRM infrastructure to automate lead distribution and offer data-driven insights to its team of agents. Nawy currently employs over 200 people and has facilitated over 60,000 home searches since its launch.
The company last raised a $5m seed round in 2022 from the Sawiris family office, which remains a key backer. Speaking at the time, Onsi Sawiris said, “We were early investors because we believed in the model — and we’re even more convinced now.”
Nawy’s momentum comes as real estate digitisation gathers pace across MENA, where a fragmented developer landscape, opaque pricing, and informal processes still dominate in many markets. Egypt’s real estate sector, in particular, has seen increased tech adoption amid rising inflation and demand for USD-pegged assets.
While competitors exist in markets like the UAE and Saudi Arabia, Nawy is betting that its full-stack model, with in-house agents, embedded financing, and AI-powered customer support, will help it stand out across the region.
“We think real estate should work like any other modern e-commerce experience,” said El Beltagy. “Our ambition is to make it just as seamless.”
