Egypt’s Nawy Secures $75M to Power Regional Expansion

Nawy, an Egyptian proptech startup, has secured a $75 million funding round to fuel its expansion across the Middle East and North Africa (MENA).

The funding consists of $52 million in Series A equity, led by Partech Africa, and $23 million in debt financing from top Egyptian banks. Other prominent investors include e& Capital, March Capital, Verod-Kepple Africa Ventures, Endeavor Catalyst, Nclude Fund, VentureSouq, and Shorooq Partners.

Founded in 2019 by Mostafa El Beltagy, Abdel-Azim Osman, Ahmed Rafea, Mohamed Abou Ghanima, and Aly Rafea, Nawy has grown from a simple property listings portal into a full-service digital real estate ecosystem.

The company’s financial trajectory has been equally impressive. In 2024 alone, Nawy recorded over $1.4 billion in Gross Merchandise Value (GMV)—a 50-fold revenue increase compared to 2020, despite macroeconomic headwinds and currency devaluation in Egypt.

With fresh capital, Nawy plans to expand to Saudi Arabia, the United Arab Emirates, and Morocco. The startup also aims to invest further in its proprietary AI technology and pursue strategic acquisitions to accelerate growth.

“This funding is a vote of confidence in our long-term vision to digitise and democratise the real estate experience in MENA,” said CEO and co-founder Mostafa El Beltagy. “We’re not just scaling — we’re redefining how people find, finance, and manage property in the region.”

As demand for digital property services grows, Nawy’s blend of customer-first technology and end-to-end real estate solutions positions it as a standout player in the African startup landscape.