Nawy Secures $52 Million to Revolutionize MENA Real Estate
Deal News | May 12, 2025 | DPI (Development Partners International)
Nawy, co-founded by Mostafa El Beltagy in 2019, has raised $52 million in Series A funding to transform the real estate market in the Middle East and North Africa. The funding, led by Partech Africa and including $23 million in debt financing from Egypt’s top banks, positions Nawy as Africa’s largest proptech platform. Nawy, which combines property listings with brokerage services, addresses challenges such as market opacity and commission-driven brokers. With products like Nawy Shares and Move Now Pay Later, it allows middle-income populations to access the real estate market. The investment will enable Nawy to expand into Morocco, Saudi Arabia, and the UAE, aiming to revolutionize the real estate experience with AI integration and potential acquisitions along the way.
Sectors
- Real Estate
- Proptech
- Venture Capital
Geography
- Egypt – Nawy is based in Cairo, Egypt, and the article discusses its impact on the Egyptian real estate market.
- Middle East and North Africa (MENA) – Nawy plans to expand its operations to several countries in the MENA region, making this geography relevant for future growth strategies.
- North Africa – Nawy is looking to enter new markets in North Africa, with plans including Morocco and others in its expansion agenda.
- Saudi Arabia – Saudi Arabia is one of the target markets for Nawy’s expansion efforts.
- United Arab Emirates (UAE) – Nawy is targeting the UAE market as part of its regional expansion plans.
Industry
- Real Estate – Relevant as Nawy is a proptech company innovating in the real estate sector by providing a transparent and efficient platform for property transactions.
- Proptech – Nawy operates in the proptech industry, leveraging technology to enhance real estate services in the MENA region.
- Venture Capital – The industry is involved in this article as it discusses Series A funding led by Partech Africa, a venture capital firm.
Financials
- $52 million – Amount raised by Nawy in Series A funding round.
- $23 million – Debt financing from Egypt’s top banks included in Nawy’s total fundraising.
- $75 million – Total amount raised in Series A by combining equity and debt financing.
- $5 million – Seed round funding previously raised, led by Egypt’s wealthiest family.
- $1.4 billion – Gross merchandise value (GMV) reported by Nawy at the close of 2024.
- $38 million – Nawy’s GMV in 2020, compared to its reported $1.4 billion in 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nawy | Target company | Company | A proptech startup founded by Mostafa El Beltagy, providing an advanced property listing and brokerage platform in Egypt. |
| Partech Africa | Lead investor in Series A | Company | A venture capital firm focused on investing in African startups. |
| Development Partners International | Investor in Series A | Company | A private equity firm investing in African businesses. |
| Mostafa El Beltagy | Co-founder and CEO | Person | The CEO of Nawy, who aims to revolutionize the real estate market in MENA with innovative solutions. |
| Sawiris Family | Investor | People | Egypt’s wealthiest family, previously led Nawy’s $5 million seed round. |
| Tidjane Deme | General Partner | Person | General partner at Partech, commenting on the support for Nawy’s expansion. |
| ROA | Acquired company | Company | A property management startup acquired by Nawy, now rebranded as Nawy Unlocked. |