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§ Private Profile · Cairo, Egypt
Nawy is a technology company.
Nawy operates an integrated prop-tech platform delivering a seamless real estate experience. It digitizes property buying, selling, and investment through a comprehensive suite of services. Its technology-driven approach includes brokerage, fractional investment, and mortgage solutions, serving as a central hub for transparent, data-driven real estate. This platform simplifies transactions for its user base.
Nawy was co-founded in 2019 by Mostafa Beltagy (CEO), Abdel-Azim Osman (CMO), Ahmed Rafea (CBDO), Aly Rafea (CCO), and Mohamed Abou Ghanima (COO). The founders identified inefficiencies in traditional real estate, inspiring them to leverage technology for clarity and ease. Their collective leadership directs the company’s efforts to modernize property transactions.
The platform empowers buyers, sellers, and investors with resources for well-informed decisions. Nawy's vision is to become the region's leading prop-tech company, offering a fully immersive digitized experience. The company commits to assisting customers in securing ideal properties, aiming to redefine real estate engagement through continuous innovation.
Nawy has raised $132.0M across 3 funding rounds.
Nawy has raised $132.0M in total across 3 funding rounds.
Nawy has raised $132.0M in total across 3 funding rounds.
Nawy's investors include Tidjane Deme, Development Partners International, e& capital, Egyptian Banks, Endeavor Catalyst, HOF Capital, March Capital, Outliers Venture Capital, Plug and Play, Shorooq Partners, VentureSouq, Verod-Kepple Africa Ventures.
Nawy has raised $132.0M across 3 funding rounds. Most recently, it raised $75.0M Debt / Series A in May 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 12, 2025 | $75M Debt Financing | Tidjane Deme | Development Partners International, E& Capital, Egyptian Banks, Endeavor Catalyst, HOF Capital, March Capital, Outliers Venture Capital, Plug And Play, Shorooq Partners, VentureSouq, Verod Kepple Africa Ventures | Announced |
| May 1, 2025 | $52M Series A | — | 01 Ventures, HOF Capital, Hustle Fund, Motivate Ventures, Partech Ventures, Plug & Play Ventures, Naguib Sawiris, Will Szczerbiak | Announced |
| Feb 1, 2022 | $5M Seed | Sawiris Family | HOF Capital, Partech Ventures, Plug & Play Ventures | Announced |
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]