Egypt: DPI Venture Capital participates in $52m proptech deal
DPI Venture Capital, the venture arm of Development Partners International, has joined proptech company Nawy’s $52 million Series A round.
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DPI Venture Capital, the venture arm of Development Partners International, has joined proptech company Nawy’s $52 million Series A round through the Nclude Fund, backing the company’s efforts to expand real estate access across the Middle East and Africa. The round was led by Partech, with participation from e&, March Capital Investments, Verod-Kepple Africa Ventures, VentureSouq, 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 Middle East and North African 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.
Since launch, Nawy has built a user base exceeding one million monthly users, closed over $1.4 billion in gross merchandise value to date, and empowered more than 3,000 brokerages through its B2B platform, Nawy Partners.
“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.”
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