Egypt: Beltone Venture Capital in proptech deal
Birdnest is a proptech startup seeking to revolutionise the real estate investment landscape.
Egypt-based Birdnest, a proptech startup seeking to revolutionise the real estate investment landscape, has announced the successful closing of a pre-Series A funding round. With a mission to maximise returns for real estate investors while providing tenants with increased value, Birdnest leverages technology to streamline processes for all stakeholders involved.
The latest funding round was led by Beltone Venture Capital and CI Venture Capital. The investors acquired a 20% stake in the company, although the financial details of the investment remain undisclosed.
Ali Mokhtar, CEO of Beltone Venture Capital, said: "We are excited to support Birdnest and its leadership team to achieve their vision to lead and innovate the real estate sector in the MENA region. Birdnest has demonstrated strong operational performance and with its ambitious expansion plans, it is well-positioned to become the leading proptech company in the region."
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