Nawy Raises $52M in Series A Equity to Expand Across MENA

The Egyptian full-stack real estate ecosystem secured USD 75 million in funding to continue its growth within and beyond Egypt.

Nawy, the Egypt-based proptech, has raised USD 52 million in a series A funding round, alongside an additional USD 23 million in debt financing from Egypt-based banks.

The round was led by Partech Ventures with support provided by e& capital, March Capital Investments, Verod-Kepple Africa Ventures, Endeavor Catalyst, Nclude, VentureSouq, Outliers, HOF Capital, Plug and Play, and Shorooq Partners.

Founded in 2019 as a simple listings platform, Nawy now provides a full-stack real estate ecosystem that covers buying, selling, financing, asset management, and brokerage support. In 2024 alone, it reported a Gross Merchandise Value (GMV) of over USD 1.4 billion in and more than a million monthly users. The startup is led by CEO Mostafa El Beltagy, who launched the company alongside co-founders Abdel-Azim Osman, Ahmed Rafea, Mohamed Abou Ghanima and Aly Rafea.

This raise will serve as support for its “Move Now, Pay Later” scheme in Egypt, as well as its expansion beyond Egypt into Saudi Arabia, Morocco, and the UAE.