Egyptian proptech startup Nawy has secured a massive $75 million in new funding, combining a $52 million Series A round with an additional $23 million in debt financing from top Egyptian banks.
The funding round was led by Partech Africa, with support from major investors including Nclude Fund, e& capital, Shorooq Partners, and VentureSouq.
Doubling Down on Growth: Acquisitions and AI
As part of its ambitious growth strategy, the startup recently acquired property management firm ROA, which has now been rebranded as Nawy Unlocked. The goal? To offer a more holistic and integrated property experience, especially for buyers post-sale.
The fresh funding will also power:
- Product expansion across verticals
- AI integration to boost operational efficiency
- A smoother, more intuitive digital user experience
From $38M to $1.4B: A Story of Surging Demand
Since its launch in 2019, Nawy has seen meteoric growth. The platform closed $1.4 billion in total sales by the end of 2024, up from just $38 million in 2020. That’s a staggering 50x revenue growth in USD over four years.
What’s behind the boom? A growing number of Egyptians, and now regional buyers, are turning to real estate to hedge against inflation and currency devaluation.
Nawy has been quick to meet this demand by offering a one-stop shop: from listings and advisory services to financing solutions.
Nawy Set Eyes on MENA: Next Stop, Morocco, KSA & UAE
With this new investment, Nawy plans to go full throttle on regional expansion. The company has its sights set on Morocco, Saudi Arabia, and the UAE—all markets showing rising demand for digitally powered real estate services.
Co-founded by Mostafa El-Beltagy, Abdelazim Osman, Ahmed Raef, Mohamed Abou Ghoneima, and Ali Raef, Nawy continues to reshape how people across MENA discover, finance, and manage property.
