Nawy has raised $57.0M in total across 2 funding rounds.
Nawy's investors include 01 Ventures, HOF Capital, Hustle Fund, Motivate Ventures, Partech Ventures, Plug & Play Ventures, Naguib Sawiris, Will Szczerbiak.
Nawy is Egypt's leading proptech company, operating an end-to-end platform that combines property listings with brokerage services to streamline buying, selling, investing in, financing, and managing real estate.[1][2] Founded in 2019, it serves homebuyers, sellers, and investors in Egypt's fragmented market by addressing issues like opaque dealings, commission-driven brokers, and developer-focused sales, achieving profitability with $1.4 billion in gross merchandise value (GMV) in 2024—up from $38 million in 2020—and closing deals for over 40,000 buyers.[1][2] Backed by a recent $52 million Series A led by Partech Africa (plus earlier $5 million seed funding), Nawy is expanding into North Africa and the Middle East while integrating AI and acquiring startups like ROA (rebranded as Nawy Unlocked).[1][2]
Nawy emerged from the frustrations of Egypt's real estate sector, where buyers relied on personal networks and untrustworthy brokers.[1] Mostafa El Beltagy co-founded the company in 2019 alongside Abdel-Azim Osman, Ahmed Rafea, Mohamed Abou Ghanima, and Aly Rafea, evolving from an earlier 2016 incarnation called 'Cooing'—an AI-driven property listing platform backed by a $5 million seed round from the Sawiris Family Office.[1][2] Early traction came from digitizing listings and adding brokerage, gaining trust from Egypt's wealthiest families and scaling to connect 40,000 buyers in a single year while turning profitable.[1][2]
Nawy rides the proptech wave in emerging markets, capitalizing on rapid urbanization and digital adoption in MENA and Africa—regions with fragmented real estate poised for tech disruption amid rising middle-class demand.[1] Timing aligns with post-pandemic investor interest in resilient sectors like property, validated by its $52 million Series A amid competition from players like Property Finder and Huspy.[1] By introducing transparency and AI, Nawy influences the ecosystem, pressuring traditional brokers, enabling developer-customer alignment, and paving the way for full-suite platforms in underserved markets.[1][2]
Nawy's momentum positions it to dominate MENA proptech, with Series A funds fueling AI upgrades, regional launches in Morocco, Saudi Arabia, and UAE, and strategic buys to build a super-app for real estate.[1] Trends like AI personalization, regulatory pushes for transparency, and Gulf real estate booms will accelerate growth, potentially multiplying GMV as it challenges incumbents.[1] Its evolution from listings to ecosystem player signals broader impact, transforming Africa's property markets much like it did Egypt's—watch for IPO potential as profitability scales regionally.[1]
Nawy has raised $57.0M across 2 funding rounds. Most recently, it raised $52.0M Series A in May 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2025 | $52.0M Series A | 01 Ventures, HOF Capital, Hustle Fund, Motivate Ventures, Partech Ventures, Plug & Play Ventures, Naguib Sawiris, Will Szczerbiak | |
| Feb 1, 2022 | $5.0M Seed | HOF Capital, Partech Ventures, Plug & Play Ventures |
