- Nawy raises $52 million in Series A funding led by Partech Africa, bringing total to $75 million with additional debt financing.
- The company acquired ROA and relaunched it as Nawy Unlocked to strengthen post-sale property services.
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Nawy will use the funds to expand products, integrate AI, and grow across North Africa and the Gulf.
Egyptian proptech company Nawy has raised $52 million in a Series A round led by Partech Africa, with participation from prominent investors including Nclude Fund, e& capital, Shorooq Partners, VentureSouq, and others. An additional $23 million in debt financing was secured from major Egyptian banks, bringing the total raised to $75 million.
Strategic Growth and Acquisitions
As part of its expansion strategy, Nawy recently acquired real estate management company ROA, rebranding it as Nawy Unlocked. This move aims to strengthen the company’s post-sales services and offer a more integrated property experience. A portion of the new funding will also support:
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Product expansion
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AI integration to improve operational efficiency
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Enhancing the digital user experience
Strong Performance and Market Demand
According to the company, total sales through its platform exceeded $1.4 billion by the end of 2024, up from just $38 million in 2020. This growth is attributed to rising demand for real estate as a hedge against inflation and currency depreciation. In fact, Nawy reports a revenue growth of over 50x in USD over the past four years.
About Nawy
Founded in 2019 by Mostafa El-Beltagy, Abdelazim Osman, Ahmed Raef, Mohamed Abou Ghoneima, and Ali Raef, Nawy set out to simplify the property buying and selling experience in Egypt. The platform combines real estate listings, advisory services, and financing solutions, offering users a fully integrated experience.
With this latest investment, Nawy aims to accelerate its expansion into North Africa and the Middle East, with a focus on Morocco, Saudi Arabia, and the UAE—three markets where demand for digitized property services is surging.
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