Egypt’s Startup Ecosystem Thrives with Investor and Policy Support

Nawy, a property technology startup located in Cairo, has successfully raised $75 million through a combination of equity and debt financing. This significant funding round, one of the largest in Egypt's real estate tech industry so far, will support the company's expansion across the Middle East and North Africa.

The investment comes from a diverse group of regional and international investors and will be used to increase Nawy's presence in Saudi Arabia, the UAE, and other Gulf countries. It will also fund the development of AI-driven recommendation tools, digital financing options, and the growth of their local sales teams. The funding structure includes both equity and venture debt, a financing method becoming more prevalent in the developing tech market of the MENA region.

Although the specific investors have not been named, the deal indicates growing trust in Egypt's technology talent and the infrastructure supporting startups. An investor familiar with the deal commented that "Nawy has created a business model that effectively integrates technology with a strong understanding of the market. They are in a strong position to change how people find, finance, and purchase homes throughout the region."

From Property Listings to Complete Online Transactions

Launched in 2016, Nawy initially functioned as a property search engine. It has since evolved into a comprehensive platform that allows users to browse listings, compare prices, arrange financing, and finalize property transactions entirely online. Currently, the platform serves tens of thousands of users in Egypt each month, and the company plans to double this number as it enters new markets.

CEO Highlights the Need for Buyer-Focused Platforms in MENA

According to [Insert Name], CEO of Nawy, "We are developing our platform with the modern buyer in mind—someone who values speed, transparency, and trust. This funding provides us with the resources to expand our model to more markets and further enhance our technological capabilities."

Growing Interest in Real Estate Technology in the Middle East and North Africa

The proptech sector in the MENA region is gaining momentum, with digital platforms addressing long-standing issues in how people discover, verify, and finance homes. Large-scale housing projects in Saudi Arabia as part of its Vision 2030 and the competitive real estate market in the UAE are attracting investor interest in real estate technologies that can be scaled.