Nawy Raises $52 Million to Transform Real Estate Access and Expand Proptech Innovation Across MENA

London and Cairo – 12 May 2025 – DPI Venture Capital, the venture capital platform of Development Partners International (DPI), has participated via the Nclude Fund in Nawy’s $52 million Series A funding round, supporting the company’s mission to transform real estate access and unlock new growth opportunities across the Middle East and Africa. The round was led by Partech, with participation from e&, March Capital Investments (MCI), Verod-Kepple Africa Ventures (VKAV), VentureSouq (VSQ), Endeavor Catalyst, Shorooq Partners, Outliers, HOF Capital, and Plug and Play.

This financing will enable Nawy to scale its operations in Egypt, expand into new MENA markets, enhance its AI-driven technology stack, and accelerate the growth of its licensed mortgage vertical. Founded in 2019, Nawy has developed an integrated platform spanning property search, fractional investment, mortgage financing, asset management, and brokerage enablement, positioning it as a leader in redefining real estate transactions for consumers, brokers, and developers across the region.

Since launch, Nawy has built a user base exceeding one million monthly users, closed over $1.4 billion in Gross Merchandise Value (GMV) to date, and empowered more than 3,000 brokerages through its B2B platform, Nawy Partners. Its product suite includes Nawy Shares (fractional ownership), Nawy Now (licensed mortgage solutions), Nawy Unlocked (property finishing and asset management), and a proprietary brokerage enablement platform.

The MENA region is witnessing one of the fastest real estate expansions globally, fueled by rapid economic growth, urbanization, and a digitally connected consumer base. With this funding, Nawy is poised to play a central role in modernizing real estate markets and deepening financial accessibility across the region.

“At DPI VC, we focus on partnering with innovative platforms that are redefining critical sectors across Africa and the Middle East,” said Ashley Lewis, Managing Partner and Head of DPI Venture Capital. “Nawy is doing exactly that, reimagining real estate through technology, financing innovation, and operational excellence. Their ability to integrate technology, mortgage solutions, and brokerage enablement into a full-stack model positions them as a leader not only in Egypt but across the region. We are proud to partner with the Nawy team at this pivotal stage and support their expansion into one of the most transformative opportunities in the MENA market.”

“Our vision has always been to simplify and enhance real estate access through innovation, transparency, and technology,” said Mostafa El-Beltagy, Co-Founder and CEO of Nawy. “This funding marks an important milestone for our growth, and we are excited to scale our platform, expand regionally, and continue introducing new solutions that address real market needs. Having DPI VC and such a strong syndicate of partners on board strengthens our ability to deliver on our mission.”