Nawy, Egypt’s proptech startup has raised $52 million in Series A equity funding to scale its operations, enhance its technology stack, and accelerate regional expansion.
The round was led by Partech, with participation from e& Capital, March Capital Investments (MCI), Verod-Kepple Africa Ventures (VKAV), Endeavor Catalyst, Development Partners International (DPI) Venture Capital via the Nclude Fund, VentureSouq (VSQ), Outliers, HOF Capital, and Plug and Play and MENA’s leading alternative investment firm, Shorooq.
According to Mostafa El-Beltagy, Co-Founder and CEO of Nawy, “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.”
In addition, Nawy secured $23 million in debt financing from some of Egypt’s largest banks and financial institutions, dedicated exclusively to fueling the company’s rapidly growing mortgage offering.
Founded in Egypt in 2019 by Mostafa El-Beltagy, Abdel-Azim Osman, Ahmed Rafea, Mohamed Abou Ghanima, and Aly Rafea, Nawy transforms how people buy, sell, invest, finance, and manage properties. Nawy’s expanding product portfolio includes Nawy Now (“Move Now, Pay Later” mortgage financing), Nawy Shares (fractional ownership), Nawy Unlocked (property finishing, asset management, and rental monetization), and Nawy Partners (empowering brokerages with exclusive tools, tech-driven sales enablement, and enhanced commissions).
In 2024, the firm closed 2024 with more than $1.4 billion Gross Merchandise Value (GMV) and a monthly user base exceeding one million. Over the past four years, Nawy’s revenue in U.S. dollar terms has grown more than 50-fold, even as the Egyptian pound lost 69% of its value.
In just four years, the firm has not only scaled massively, it has consistently outperformed the market, setting a new benchmark for growth in real estate.By scaling fast and adapting even faster, the company turned volatility into momentum and built one of the most resilient growth stories in MENA proptech.
Nawy began as a listings platform but has now grown into a full-stack ecosystem reshaping how real estate works in the region running Nawy Now – a licensed mortgage solution offering faster approvals and “Move Now, Pay Later” flexibility; Nawy Shares, Egypt’s first off-plan fractional ownership product, opening up premium real estate investment to a broader audience; Nawy Unlocked helping owners refurbish, monetize, and rent out idle or unfinished units after it acquired ROA, a home finishing and asset management platform. It also runs Nawy Partners, a B2B platform enabling 3,000+ brokerages to close deals smarter with full visibility on the market’s live inventory, direct access to developers, tech-driven sales tools, better commissions & flexible payouts.
With its Series A investment, Nawy is scaling its vision to reshape the real estate experience across Egypt, the wider MENA region, and beyond, using technology to bring transparency, accessibility, and efficiency to an industry long overdue for change.
The new capital will be used to expanding on the new verticals in Egypt, enter new MENA markets and reinvent and grow the Nawy products with an AI first approach.
“We’re excited to support Nawy as they build the foundation for a modern, tech-driven real estate experience,” said Tidjane Deme, General Partner at Partech. “Their team has deep market insights, coupled with ambitious regional expansion plans and exceptional execution, positioning them as the clear proptech champion in Africa and the Middle East.”
This round marks more than just a funding milestone, it signals the rise of a new real estate infrastructure built for today’s buyer, broker, and developer. Nawy is leading the charge to digitize the industry, unlock liquidity, and bring trust, speed, and transparency to a historically fragmented sector.
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