A proptech startup in Egypt that secured funding to enhance its services in the real estate sector.
Nawy acquires SmartCrowd to expand into Middle East
Nawy acquires a majority stake in SmartCrowd, a fractional real estate platform. This acquisition is one of the earliest major cross-border deals between African and Gulf proptech firms.
Egypt Leads as African Startup Funding Hits $1 Billion Despite Volatility
African startups secured a total of $1 billion in funding between January and May 2025, a 40% rise from the same timeframe in 2024. Funding peaked in January 2025 with $289 million raised but saw a decline to $50 million in March before recovering to $343 million in April.
African startups hit $1 billion in funding for 2025 as Egypt leads in May
African startups raised $1 billion between January and May 2025, a 40% increase compared to 2024. January 2025 saw $289 million raised, but funding dropped to $119 million in February and $50 million in March.
Sylndr, with a fresh $15.7M, allows users to buy, sell, finance, and service used cars in Egypt
Sylndr raised $15.7 million to expand into auto financing and servicing. The company has raised over $30 million since its launch in 2021.
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.
