Nawy Raises $75M to Propel Middle East Proptech Expansion with AI Boost

Editorial Team

Last updated 12-05-2025

2 min

Nawy secured $52 million in Series A funding led by Partech Africa.

With additional $23 million debt financing from Egyptian banks, Nawy raised $75 million total.

The company acquired ROA, now "Nawy Unlocked," to enhance after-sales services.

Nawy's platform facilitated $1,4 billion in property deals by end of 2024.

Expansion across MENA, focusing on Morocco, Saudi Arabia, and the UAE, is planned.

Egyptian proptech startup Nawy has bagged $52 million in a flashy Series A funding round, led by Partech Africa. Several other major investors have joined the party, including Nclude Fund, e& capital, Shorooq, and VentureSouq, among others. On top of that, they're getting an additional $23 million in debt financing from prominent Egyptian banks, bringing the total funds raised to a cool $75 million.

Nawy clearly has big ambtions. As part of its growth strategy, the company has recently snapped up the property-management firm ROA, relaunching it under the snazzy new name "Nawy Unlocked," with plans to boost its after-sales offerings. Clearly, they're not resting on their laurels.

The fresh funds will support Nawy's push to expand their products, especially by leveraging artificial intelligence—everyone’s favourite buzzword—to improve their services and digital experience.

According to Nawy, the value of property deals carried out on its platform has soared to $1.4 billion by the end of 2024, a staggering jump from just $38 million in 2020. This phenomenal growth is largely fuelled by investors looking for a safe haven against inflation and currency fluctuations in Egypt. The firm claims its revenues have increased by an eye-watering multiple of more than 50 times in only four years.

Set up in 2019 by Mustafa El Beltagy, Abdelazim Othman, Ahmed Rafeh, Mohamed Abu Ghonaima, and Ali Rafeh, Nawy initially aimed to simplify and streamline the typically complicated process of buying and selling properties in Egypt. Their digital platform combines real estate listings with consultancy and financing services, making the whole experience a bit less painful and a lot more straightforward.

With this recent cash injection, Nawy aims to rapidly expand across the Middle East and North Africa, with particular sights set on Morocco, Saudi Arabia, and the United Arab Emirates. It seems clear that this latest funding could put Nawy firmly on the regional map as a proptech heavyweight in the years ahead—definitely one to watch according to tech-watchers like Arageek.

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