Nawy, the largest proptech in Africa, raises a $52M Series A to take on MENA

Cairo, Egypt, May 12, 2025 — Nawy, Africa’s largest proptech platform, 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), VentureSouq (VSQ), Endeavor Catalyst, Development Partners International (DPI) Venture Capital via the Nclude Fund, Shorooq Partners, Outliers, HOF Capital, and Plug and Play.

In addition, Nawy secured $24 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 has rapidly grown into Africa’s largest real estate technology company. Its platform transforms how people buy, sell, invest, finance and manage properties. Nawy's expanding product portfolio includes Nawy Shares (fractional ownership), Nawy Now (“Move Now, Pay Later” mortgage financing), Nawy Unlocked (property finishing, asset management, and rental monetization), and Nawy Partners (empowering brokerages with exclusive tools, tech-driven sales enablement, and enhanced commissions).

“This investment is a major leap forward—fueling our expansion, strengthening our tech, and accelerating our mission to reinvent how real estate works across MENA and beyond,” said Mostafa El-Beltagy, Co-Founder and CEO of Nawy.

A Full-Stack Ecosystem for Real Estate

What started as a listings platform has evolved into a vertically integrated real estate ecosystem. In 2024, Nawy launched:

● Nawy Shares — Egypt’s first off-plan fractional ownership product, opening the door for broader participation in premium real estate investment.

● Nawy Now — A licensed mortgage solution that allows buyers to “Move Now, Pay Later” with faster approvals and flexible payment plans.

● Nawy Unlocked –– Nawy kicked off 2025 with the acquisition of ROA, a home finishing and asset management platform. The business has been rebranded as Nawy Unlocked, helping owners refurbish, monetize, and rent out idle or unfinished units to unlock asset value.

● Nawy Partners — A platform enabling over 3,000 brokerages to close deals faster with exclusive inventory, better commissions, and tech-driven sales enablement.

Positioned for Regional Growth

The MENA region is rapidly emerging as one of the world’s most promising real estate markets, driven by rapid economic growth, increasing urbanization, and a young, tech-savvy population. With ongoing investments in infrastructure and real estate development, the region is seeing growing demand for both residential and commercial properties, creating substantial opportunities for investors looking to capitalize on one of the most dynamic markets in the world.

With this Series A investment, Nawy is doubling down on its ambition to transform real estate across Egypt, the broader MENA region, and beyond. The company 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.

The new capital will be used to:

● Scale operations in Egypt

● Enter new MENA markets

● Advance product development

● Deepen AI and data infrastructure

● Scale and accelerate the growth of Nawy’s mortgage vertical

"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.”

A Turning Point for Real Estate in MENA

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.

About Nawy

Nawy is Africa’s largest proptech company, transforming real estate across the MENA region with cutting-edge technology. With AI-powered search, expert in-house brokerage, and innovative financing solutions, Nawy simplifies property transactions for consumers, brokers, and developers alike. Its growing portfolio includes Nawy Shares, Nawy Now, Nawy Partners, and Nawy Unlocked where it enhances accessibility, transparency, and efficiency. Nawy’s vision is to play an integral role in every real estate transaction, driving innovation and shaping the future of the industry.

About Partech

Partech is a global tech investment firm headquartered in Paris, with offices in Berlin, Dakar, Dubai, Nairobi, and San Francisco. Partech brings together capital, operational experience, and strategic support to back entrepreneurs from seed to growth stage. Born in San Francisco 40 years ago, today Partech manages €2.5B AUM and a current portfolio of 220 companies, spread across 40 countries and 4 continents.