Egyptian proptech startup Nawy has just raised a whopping $52 million in Series A funding, marking a bold step in its mission to reshape how real estate works across the Middle East and North Africa (MENA). In addition to that, the company has also secured $23 million in debt financing from top Egyptian banks—cash that will go directly into growing its mortgage offering.
The investment round was led by Partech, with support from several heavyweight investors including e& Capital, VentureSouq, Shorooq Partners, and Development Partners International through the Nclude Fund.
Founded in 2019, Nawy began as a simple property listings website. Today, it’s evolved into Africa’s largest real estate tech platform, powering how people buy, finance, manage, and invest in property. In 2024 alone, the platform handled over $1.4 billion in transactions, up from just $38 million in 2020.
Nawy has a suite of interconnected products that address every friction point in the property journey:
- Nawy Now: A mortgage service offering fast approvals and flexible payment plans.
- Nawy Shares: Egypt’s first fractional ownership platform for off-plan real estate
- Nawy Unlocked: A platform helping property owners refurbish and monetize idle units, launched after acquiring ROA.
- Nawy Partners: A B2B platform empowering over 3,000 brokerages with access to real-time inventory, developer tools, and performance-driven commissions.
Each product is designed to solve real-world problems for home buyers, sellers, renters, investors, and brokers. Together, they form a complete ecosystem that Nawy hopes to expand across MENA.
The MENA region is one of the most dynamic real estate markets in the world right now. With rapid urban development, a young and digital-savvy population and significant infrastructure investments, the demand for residential and commercial property is on the rise.
The existing legacy systems, slow processes, and limited access to financing have kept the market out of reach for many. That’s exactly what Nawy is working to change using technology, data, and a user-first approach.
With this new capital, Nawy plans to:
- Grow its operations in Egypt
- Expand into new MENA markets
- Advance its AI and data-driven tools
- Supercharge its mortgage business
“This investment is a major leap forward,” said Mostafa El-Beltagy, Nawy’s co-founder and CEO. “We’re accelerating our vision to reinvent how real estate works across MENA and beyond.”
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