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Egypt’s Nawy, the largest proptech in Africa, lands a $52M Series A to take on MENA | TechCrunch

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83% Informative

Nawy has raised $52 million in Series A funding, led by Africa -focused VC firm Partech Africa .

The Cairo -based proptech attracts over a million monthly visitors, with hundreds of developers competing for visibility.

Nawy 's model, combining a property listing platform with brokerage services, has set it apart in an industry dominated by agents with entrenched, offline relationships.

The company plans to expand beyond Egypt into North Africa and Middle East regions.

Nawy is targeting Morocco , Saudi Arabia , and the UAE as its next markets.

Other notable investors participating in the round include Development Partners International’s Nclude Fund , e & Capital , Endeavor Catalyst , HOF Capital , March Capital Investments , Plug and Play, and Verod-Kepple Africa Ventures .

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83

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81

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formal

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English

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58

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