Nawy, a Cairo-based property-technology start-up, has secured a new USD 5 million investment in a seed round led by the Sawiris Family Office. Founded in 2016 under the brand name ‘Cooing’ by Mohamed Abou Ghanima, Abdel-Azim Osman, Ahmed Rafea, Aly Rafea and Mostafa El Beltagy, Nawy provides an end-to-end platform for users to purchase and sell real estate properties located across Egypt. Currently employing more than 200 individual, Nawy hopes to use the latest investment to grow its offerings. “I am very happy with the latest round,” said CEO Mostafa El Beltagy to Egyptian Streets. “The money has given us freedom to invest for the future and to grow and scale the team. Having more resources will enable us to build our technology which is critical for a business in our stage of maturity. Furthermore our investors are very strategic and bring a lot more value way beyond the impact of the money.” Nawy’s platform contains a massive database of properties, where users can search and filter their options using various criteria, such as unit space, price and location. Once a user has found a property they are interested in,…
Egyptian Property Start-Up ‘Nawy’ Secures $5 Million Funding
February 12, 2022
