Local proptech platform Nawy has raised USD 52 mn in a Series A funding round led by Africa-focused VC firm Partech Africa, complemented by an additional USD 23 mn in debt financing from local lenders, the startup announced. The funding marks one of the largest Series A rounds for an African startup, according to TechCrunch.

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The backers: The funding round saw participation from a number of regional and global venture capital firms and investment funds, including Nclude, e& Capital, Endeavor Catalyst, HOF Capital, March Capital, Outliers, Plug and Play, Shorooq Partners, VentureSouq, and Verod-Kepple Africa Ventures.

The company plans to use the funds to expand into North Africa and the Middle East, targeting Morocco, Saudi Arabia, and the UAE, TechCrunch reports. It also intends to acquire smaller companies while accelerating product development and embedding AI into its processes.

ICYMI- The funding follows Nawy’s 2022 seedround, which was led by the Sawiris family.

About the company: Founded in 2019, Nawy is a digital platform for buying, selling, and financing real estate. The company’s services include fractional ownership investments in properties — dubbed Nawy Shares — as well as financial solutions and property management services.

The company has made big financial gains since it started, with its revenues up more than 50x in USD terms over the last four years. The startup had expanded its gross merchandise value to over USD 1.4 bn in 2024 from USD 38 mn in 2020.

What they said: “This 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,” Co-Founder and CEO Mostafa El Beltagy said.

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