Birdnest, an Egypt-based property technology (proptech) company, has successfully completed a pre-Series A funding round, the amount of which remains undisclosed, to bolster its presence in the Egyptian market and venture into new territories.
Co-founded in 2020 by Mostafa El-Nahawy and Ahmed Fadda, Birdnest is at the forefront of offering cutting-edge furnishing and rental management services. The company’s mission is to optimize returns for property investors while delivering high value to tenants.
The recent capital injection comes from notable investors such as Beltone Venture Capital and CI Venture Capital, in return for a 20% equity share in Birdnest. With this new funding, the company is poised to strengthen its regional quality team, enhance its technological capabilities, and launch robust marketing campaigns.
Birdnest is strategically positioned to significantly increase its market presence within Egypt and to extend its services to pivotal regional hubs, including Athens, Dubai, and Riyadh.
Mostafa El-Nahawy, commenting on the new partnership with Beltone Venture Capital—a firm with a strong foundation in investment banking—highlighted the benefits beyond mere financial backing. He emphasized the strategic financial infrastructure that comes with the partnership, which is crucial for Birdnest’s upcoming growth phase.
Ali Mokhtar, CEO of Beltone Venture Capital, expressed his enthusiasm for supporting Birdnest and its executive team in their quest to redefine and lead the real estate sector across the Middle East and North Africa (MENA) region.
Mokhtar acknowledged Birdnest’s impressive operational achievements and, with its forward-looking expansion strategy, anticipates the company’s rise as a dominant proptech player in the region.
