Nawy Secures $52 Million in Series A to Transform Real Estate in MENA
Deal News | May 12, 2025 | DPI (Development Partners International)
Nawy has raised $52 million in a Series A funding round, led by DPI through its Nclude Fund, along with participation from several other investors, including Partech and e&. This funding is intended to help Nawy scale its operations within Egypt and across the MENA region. Nawy's platform offers various real estate services, including property search, mortgage financing, and asset management, serving over one million monthly users. The company has facilitated over $1.4 billion in GMV and supports more than 3,000 brokerages. The MENA real estate market is rapidly expanding, driven by economic growth and urbanization, and Nawy aims to be a significant player in modernizing this market. DPI Venture Capital's investment is aligned with its strategy of supporting technological and operational innovation in critical sectors across Africa and the Middle East.
Sectors
- Real Estate
- Proptech
- Venture Capital
Geography
- Middle East and North Africa (MENA) – The primary market focus for Nawy's expansion and the location where real estate transformation is targeted.
- Egypt – The initial market and operational base of Nawy where it plans to enhance and scale its services.
Industry
- Real Estate – Involves the buying, selling, and management of properties, which is central to Nawy's business model and the overall subject of the funding round.
- Proptech – Refers to the use of technology in real estate services, which is a key focus for Nawy as it aims to innovate real estate access through digital platforms.
- Venture Capital – Related to the investment from DPI VC into Nawy, showcasing the financial backing needed to support startups and new ventures in growth sectors.
Financials
- $52 million – Total amount raised by Nawy in its Series A funding round.
- $1.4 billion – Gross Merchandise Value (GMV) transacted through Nawy's platform since its launch.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nawy | Target Company | Company | A proptech company focusing on transforming real estate transactions across the MENA region. |
| Development Partners International (DPI) | Bidding Company/Investor | Company | A private equity firm that participated via its DPI Venture Capital platform in Nawy’s Series A funding round. |
| Partech | Investor | Company | A global investment firm that led the Series A funding round for Nawy. |
| e& | Investor | Company | A participant in Nawy's Series A funding round. |
| March Capital Investments (MCI) | Investor | Company | A participant in Nawy's Series A funding round. |
| Verod-Kepple Africa Ventures (VKAV) | Investor | Company | A joint investment entity participating in the funding round. |
| VentureSouq (VSQ) | Investor | Company | A participant in Nawy's Series A funding round. |
| Endeavor Catalyst | Investor | Company | A participant in Nawy's Series A funding round. |
| Shorooq Partners | Investor | Company | A participant in Nawy's Series A funding round. |
| Outliers | Investor | Company | A participant in Nawy's Series A funding round. |
| HOF Capital | Investor | Company | A participant in Nawy's Series A funding round. |
| Plug and Play | Investor | Company | A participant in Nawy's Series A funding round. |
| Ashley Lewis | Managing Partner and Head | Person | Managing Partner and Head of DPI Venture Capital, providing a statement on the investment. |
| Mostafa El-Beltagy | Co-Founder and CEO | Person | Co-Founder and CEO of Nawy, expressing enthusiasm for the funding and growth. |