Egypt’s Nawy, the largest proptech in Africa, raises $52M to take on MENA
- Nawy raised $52 million in Series A funding, validating its business model.
- The company has grown its revenue streams more than 50x in dollar terms over the last four years.
- Nawy has attracted over a million monthly visitors and has over 3,000 brokerages using its platform.
Nawy's innovative approach to the real estate market addresses long-standing issues of transparency and accessibility, making it a significant player in the proptech sector. Its successful fundraising and rapid growth indicate strong market demand, but the company must navigate regional expansions carefully to maintain its momentum.
