{"id":563842,"date":"2021-07-26T04:00:35","date_gmt":"2021-07-26T04:00:35","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/26\/proptech-startup-nawy-raises-seven-figure-seed-round-led-by-sawiris-family-office\/"},"modified":"2021-07-26T04:00:35","modified_gmt":"2021-07-26T04:00:35","slug":"proptech-startup-nawy-raises-seven-figure-seed-round-led-by-sawiris-family-office","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/26\/proptech-startup-nawy-raises-seven-figure-seed-round-led-by-sawiris-family-office\/","title":{"rendered":"Proptech startup Nawy raises seven-figure seed round led by Sawiris family office"},"content":{"rendered":"

<\/a> Egyptian proptech startup <\/strong>Nawy<\/a><\/strong> raised an undisclosed seven-figure seed round led by <\/strong>the Sawiris family office<\/strong>, the company announced in a statement (pdf)<\/a> yesterday. Multiple angel investors also participated in the round, including Etisalat Group CEO Hatem Dowidar, in what marks Nawy\u2019s first external funding. The founders have invested USD 200k from their own pockets since launching the company in 2016.<\/p>\n

About the company:<\/strong> Nawy is a real estate search engine that allows users to search for and filter properties, and helps them to pay for the property via its brokerage arm. In the five years since its founding, the company has helped more than 30k customers purchase property, and aims to treble its revenues and gross merchandise volume this year, co-founder Ahmed Rafea told us.<\/p>\n

How the money will be spent:<\/strong> The company will use the funds to improve its technology, diversify its services, and expand the team. The startup isn\u2019t looking to expand abroad in the foreseeable future<\/strong>, but could later on consider entering Saudi Arabia, the UAE, and South Africa, co-founder Abdel Azim Osman told Forbes<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egyptian proptech startup Nawy raised an undisclosed seven-figure seed round led by the Sawiris family office, the company announced in a statement (pdf) yesterday. Multiple angel investors also participated in the round, including Etisalat Group CEO Hatem Dowidar, in what marks Nawy\u2019s first external funding. The founders have invested USD 200k from their own pockets […]<\/p>\n","protected":false},"author":1,"featured_media":563843,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7258],"tags":[72,9605,95],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-563842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterpriseam","tag-nawy","tag-startup-watch","wpautop","entry"],"acf":{"mongo_id":"2e8fcedc-3d55-445b-937a-f7bb87bca505","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/7\/250.jpg","photo_position":"above","related_issue":[563833],"teaser":"","voice_url":""},"yoast_head":"\nProptech startup Nawy raises seven-figure seed round led by Sawiris family office - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/26\/proptech-startup-nawy-raises-seven-figure-seed-round-led-by-sawiris-family-office\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Proptech startup Nawy raises seven-figure seed round led by Sawiris family office\" \/>\n<meta property=\"og:description\" content=\"Egyptian proptech startup Nawy raised an undisclosed seven-figure seed round led by the Sawiris family office, the company announced in a statement (pdf) yesterday. 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The latest investment means the company has now raised USD 5 mn to date after closing an undisclosed seed round\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/166.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":557086,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/06\/4-egyptian-startups-secure-usd-125k-seed-funding\/","url_meta":{"origin":563842,"position":1},"title":"4 Egyptian startups secure USD 125k seed funding","author":"enterpriseam admin","date":"6 September 2021","format":false,"excerpt":"Four Egyptian startups secured USD 125k each in seed funding by US accelerator Y Combinator, Magnitt reports. The funding came either following the companies closing pre-seed rounds, or as boosters to companies that are looking to expand and complete acquisitions.The startups: The Egyptian startups include Cairo-based delivery service ShipBlu, ins.\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/76.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":665149,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/nawy-secures-usd-52-mn-in-series-a-round\/","url_meta":{"origin":563842,"position":2},"title":"Nawy secures USD 52 mn in Series A round","author":"enterpriseam admin","date":"13 May 2025","format":false,"excerpt":"The company also secured USD 23 mn in debt financing from Egyptian lenders","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1670.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545574,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/04\/contact-nawy-sign-egp-1-bn-financing-agreement-med-wealth-funds-launch-a-colab\/","url_meta":{"origin":563842,"position":3},"title":"Contact + Nawy sign EGP 1 bn financing agreement + Med wealth funds launch a colab","author":"enterpriseam admin","date":"4 April 2022","format":false,"excerpt":"Contact + Nawy sign EGP 1 bn financing agreement: Contact Financial\u2019s real estate finance subsidiary will lend EGP 1 bn to clients of Nawy after signing an agreement with the proptech startup, according to a statement (pdf. 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