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    HomeEcosystem NewsLatest FundingEgypt’s Birdnest Wants to Become Leading Short-Term Rental Platform in MENA with...

    Egypt’s Birdnest Wants to Become Leading Short-Term Rental Platform in MENA with New Funding

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    Birdnest, an Egyptian property rental platform founded in 2020, has announced the successful closure of a pre-Series A funding round, led by prominent investors Beltone Venture Capital and CI Venture Capital. While the exact investment amount remains undisclosed, the funding round involved a 20% stake in the company, demonstrating strong investor confidence in Birdnest’s innovative approach to real estate management and investment.

    Birdnest aims to maximize returns for real estate investors while providing tenants with exceptional value. The company utilizes advanced technology to streamline processes, offering a comprehensive range of services, including innovative furnishing solutions and rental management, all designed to enhance the experience for both property owners and renters.

    The investment from Beltone Venture Capital, a subsidiary of Beltone Holding, and CI Venture Capital, a subsidiary of Citadel International Holdings, is expected to fuel Birdnest’s growth and expansion plans. Mostafa El-Nahawy, Birdnest’s co-CEO, emphasized the strategic value of partnering with Beltone Venture Capital, highlighting their deep understanding of financial infrastructure as a key asset for the company’s next phase of development.

    With the newly acquired funds, Birdnest plans to expand its operations across key markets in the MENA region, including Athens, Dubai, and Riyadh. The company is also committed to strengthening its presence in the Egyptian market. Birdnest ’s ambitious strategy involves collaborating with real estate developers, institutional investors, and individual property owners to create and manage high-value, short-term rental properties, solidifying its position as a leading player in the regional short-term rental market.

    Ali Mokhtar, CEO of Beltone Venture Capital, expressed his enthusiasm for supporting Birdnest and its leadership team in realizing their vision to lead and innovate the real estate sector in the MENA region. Birdnest’s strong operational performance and ambitious expansion plans have positioned the company as a potential leader in the proptech industry in the region.

    Ahmed Fadda, Birdnest’s other co-CEO, highlighted the company’s excitement about partnering with Beltone Venture and CI Venture, emphasizing their respective roles in supporting Birdnest’s expansion and financing initiatives. This funding round not only underscores Birdnest’s remarkable achievements to date but also lays the foundation for its future growth, reinforcing its dedication to innovation and excellence in the dynamic proptech sector.

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