Egypt’s Nawy, the largest proptech in Africa, lands a $52M Series A to take on MENA

Nawy revolutionizes Egypt's real estate market by offering transparent and efficient services, addressing inefficiencies caused by biased brokerages. Founded in 2019, Nawy raised $52 million in Series A funding, solidifying its position as a leading proptech platform with ambitious expansion plans into North Africa and the Middle East. Led by CEO Mostafa El Beltagy, Nawy combines property listings with brokerage services, using AI to enhance customer experience. The startup's growth, fueled by partnerships and acquisitions, diversifies revenue streams despite economic challenges, positioning it as a resilient force in a rapidly growing real estate sector across Africa.