Egypt: Real estate platform raises seed funding

Isqan.com, the growing real estate listings platform has raised a six-figure USD seed funding round from real estate developer Mohamed Gaballah, CEO of EgyGab Holding, to scale its recent momentum.

The funds will be used to ramp up operations by hiring new talent to the team, as well as investing in marketing and continuing to grow its product.

Ali Ezzat, co-founder at isqan.com, commented saying, “We aim to digitise the entire real estate industry in Egypt by providing users with the easiest, fastest and most powerful real estate search experience possible.”

Founded just four months ago, isqan.com has seen rapid growth, onboarding over 50 companies with property listings reaching over ten thousand as well as attracting thousands of users and leads to its easy-to-use platform.

Karim Kazem, co-founder at isqan.com, expressed his gratitude by saying, “We are thrilled to be working with Mohamed Gaballah. His investment in isqan.com is a testament to his belief in our team, product and growth strategy.”

Isqan.com aims to aggressively increase its market presence in Egypt, having its sights set on another financing round towards the final quarter of 2021 to meet its expansion goals.

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