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Egypt’s real estate and PropTech market is experiencing remarkable growth, with strong momentum and no plans of slowing. What was once a sector defined by standard practices and limited accessibility is now being redefined, led by the bold and strategic moves of Nawy, a pioneering Egyptian PropTech company.
In a recent announcement, Nawy stated that they were able to raise an astounding amount of $75 million, equivalent to over 3.7 billion Egyptian pounds in total funding. This marks a huge milestone that will transform Nawy’s roadmap for a very long time.
Disrupting the Old-Fashioned Way of Real Estate: How Nawy is Rewriting the Rules
Ahead of the many plans for digitizing industries, especially real estate, Nawy was one of the first movers to make real estate —and the whole process of finding properties—simpler, smarter, and fully accessible online.
Founded in 2019 by Mostafa El Beltagy, Abdelazim Osman, Ahmed Rafea, Mohamed Abou Ghoneima, and Ali Rafea, Nawy began as a medium for real estate discovery and comparison. Since its establishment, the motive behind the platform has been simple yet ambitious: to make the property market more transparent and user-friendly.
Following this clear motive, Nawy has evolved into a full-fledged digital ecosystem, allowing users to compare units by key attributes like price, size, and location, and even helping homeowners list their properties for resale.
According to numbers, they were able to achieve 50x revenue growth in USD terms over the past four years, with a steady user base that exceeds one million users, which was the reason they were on Partech’s radar as a promising prospect for investment.
A Shining Moment: Inside Nawy’s $75M Mega Deal
Partech, a global investment platform renowned for supporting tech-driven startups in emerging industries, identified Nawy as a major force in the real estate sector. Their decision to invest was driven by Nawy’s potential to redefine the property experience, not just in Egypt, but across Africa.
What stood out to Partech was Nawy’s strategic vision, paired with a deep understanding of the market and consumer behavior.
This was more than enough for ParTech, along with investors like Nclude Fund, E& Capital, Endeavor Catalyst, Shorooq Partners, and Plug and Play, to bet big on Nawy’s vision and lead a $52M Series A round investment.
The shining moment didn’t end there, as Nawy was able to cultivate yet another boost with an additional $23 million in debt financing from Egyptian banks to further emphasize the support for the emerging sectors.
Entering The Expansion Mode
The expansion of Nawy includes the launch of Nawy Shares, a fractional ownership product that allows users to invest in real estate with amounts starting at just $500.
In parallel, the company introduced its new “Own Now, Pay Later” mortgage solution, enabling buyers to purchase homes with installment plans and diverse financing options, making the market even more flexible for buyers.
Additionally, looking ahead, Nawy plans to leverage its recent funding to expand beyond Egypt into key regional markets, including Morocco, Saudi Arabia, and the United Arab Emirates, some of the most promising real estate markets in the world.
What’s Next for Nawy?
Backed by a significant funding milestone, Nawy is entering a pivotal phase of growth. The company’s evolution into a comprehensive real estate ecosystem is a milestone, but also a challenge at its core to prepare for the plans ahead and always be on the right track. With this vision, Nawy is set to lead the next wave of PropTech across the MENA region.
