Egypt’s Nawy, the largest proptech in Africa, raises $52M to take on MENA

techcrunch.comPublished: 5/12/2025

Summary

**Nawy Disrupts Egypt's Real Estate Sector with Tech-Driven Innovation** NawaY, founded by Mostafa El Beltagy in 2019, has emerged as a disruptor in Egypt's real estate market by offering unbiased guidance through its innovative platform. The startup successfully raised $52 million in Series A funding, including crucial debt support from top banks during the economic crisis, reflecting its rapid growth. Nawy now attracts millions of monthly visitors and is expanding into North Africa and the Middle East, including key markets like Morocco, Saudi Arabia, and the UAE, with a strategic vision to dominate proptech leadership across these regions.