{"id":116847,"date":"2025-05-12T15:32:20","date_gmt":"2025-05-12T13:32:20","guid":{"rendered":"https:\/\/www.nawy.com\/blog?p=116847"},"modified":"2025-05-15T12:47:37","modified_gmt":"2025-05-15T10:47:37","slug":"nawy-raises-a-52m-series-a-to-take-on-mena","status":"publish","type":"post","link":"https:\/\/www.nawy.com\/blog\/116847-nawy-raises-a-52m-series-a-to-take-on-mena","title":{"rendered":"Nawy raises a $52M Series A to take on MENA"},"content":{"rendered":"

Nawy, Africa\u2019s largest proptech platform, has raised $52 million in Series A equity funding to scale its operations, enhance its technology stack, and accelerate regional expansion. The round was led by Partech<\/strong>, with participation from e& Capital, March Capital Investments (MCI), Verod-Kepple Africa Ventures (VKAV), VentureSouq (VSQ), Endeavor Catalyst, Development Partners International (DPI) Venture Capital via the Nclude Fund, Shorooq Partners, Outliers, HOF Capital,<\/strong> and Plug and Play<\/strong>.<\/p>\n

In addition, Nawy secured $23 million in debt financing<\/strong> from some of Egypt\u2019s largest banks and financial institutions. These funds are exclusively\u00a0dedicated to fueling the company\u2019s rapidly growing mortgage offering.<\/p>\n

Nawy’s Story<\/h2>\n

Founded in Egypt in 2019 by Mostafa El-Beltagy, Abdel-Azim Osman, Ahmed Rafea, Mohamed Abou Ghanima, and Aly Rafea, Nawy has rapidly grown into Africa\u2019s largest real estate technology company. Its platform transforms how people buy, sell, invest, finance, and manage properties.<\/p>\n

Nawy’s expanding product portfolio includes Nawy Now, Nawy Partners, Nawy Shares, and Nawy Unlocked, but we will get into that more later.<\/em><\/p>\n

The company closed 2024 with more than $1.4 billion in Gross Merchandise Value (GMV), up from $38 million in 2020, and a monthly user base exceeding 1 million. Over the past 4 years, Nawy’s revenue in U.S. dollar terms has grown more than 50-fold, even as the Egyptian pound lost 69% of its value.<\/p>\n

In just 4 years, Nawy has not only scaled massively but it has consistently outperformed the market, setting a new benchmark for growth in real estate. By scaling fast and adapting even faster, the company turned volatility into momentum and built one of the most resilient growth stories in MENA proptech.<\/p>\n

\u201cThis investment is a major leap forward – fueling our expansion, accelerating the transformation of our products using AI, and starting our mission to reinvent how real estate works across MENA and beyond.\u201d Mostafa El-Beltagy, Co-Founder and CEO of Nawy<\/em><\/strong><\/span><\/p>\n

Nawy in 2025: A Full-Stack Real Estate Ecosystem<\/h2>\n

What began as a listings platform has grown into a full-stack ecosystem<\/strong> reshaping how real estate works in the region.<\/p>\n

Today, Nawy\u2019s product lines include:<\/p>\n