- Nawy raised USD 52M in Series A equity led by Partech, plus USD 23M in debt to scale across MENA.
- The Cairo-based proptech platform plans to expand regionally, enhance AI capabilities, and revolutionize real estate services.
- Backers include global and regional heavyweights like e& capital, DPI via Nclude, Plug and Play, and Shorooq Partners.
Nawy
Cairo-based proptech giant Nawy has secured USD 52 million in Series A equity funding to scale its operations across the MENA region. The round was led by global investor Partech and joined by a heavyweight roster of regional and international backers, including e& capital, March Capital Investments, Verod-Kepple Africa Ventures, Endeavor Catalyst, DPI (via Nclude), VentureSouq, Outliers, HOF Capital, Plug and Play, and Shorooq Partners.
In addition to the equity round, Nawy also raised USD 23 million in debt financing from Egypt’s top banks to support the rapid growth of its mortgage offering.
“This investment is a major leap forward—fueling our expansion, accelerating the transformation of our products using AI, and starting our mission to reinvent how real estate works across MENA and beyond,” said Mostafa El-Beltagy, Co-Founder and CEO of Nawy.
Founded in 2019, Nawy has grown into the largest proptech platform in Africa, offering a full-stack real estate ecosystem that spans buying, selling, financing, asset management, and brokerage support.
A Full-Stack Real Estate Engine
Nawy started as a property listings platform but has evolved into a tech-enabled ecosystem tackling nearly every pain point in the real estate value chain. Its core products include:
- Nawy Now: A licensed mortgage product with faster approvals and “Move Now, Pay Later” options.
- Nawy Shares: Egypt’s first off-plan fractional ownership model for premium real estate investing.
- Nawy Unlocked: Asset management and rental monetization services following the acquisition of ROA.
- Nawy Partners: A B2B solution offering over 3,000 brokerages access to developer inventory, tech-enabled sales tools, and flexible commissions.
In 2024, Nawy recorded over USD 1.4 billion in Gross Merchandise Value (GMV) and served more than 1 million monthly users. Despite a 69% drop in the value of the Egyptian pound, the company grew its revenue in USD terms by over 50x in just four years.
Betting Big on MENA
With the MENA real estate market heating up—fueled by urbanization, infrastructure investment, and a young population—Nawy sees a clear runway for expansion. The company plans to use the fresh capital to enter new markets, expand verticals within Egypt, and double down on AI-driven product innovation.
“[Nawy’s] team has deep market insights, coupled with ambitious regional expansion plans and exceptional execution,” said Tidjane Deme, General Partner at Partech. “They’re positioned as the clear proptech champion in Africa and the Middle East.”
Beyond Funding
The raise marks a turning point not just for Nawy, but for the wider proptech landscape in MENA. By building an integrated, digital-first experience across the real estate journey, Nawy is positioning itself as the go-to infrastructure layer for brokers, developers, and end-users alike.
The company’s goal: to bring trust, speed, and transparency to an industry long overdue for change.
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