Birdnest Secures Funding for Expansion and Growth in Proptech Industry

Egyptian proptech startup Birdnest has successfully secured an undisclosed amount of funding to expand into new markets and enhance its existing operations in Egypt.

The pre-Series A funding round attracted contributions from Beltone Venture Capital and CI Venture Capital, among other investors. While the exact amount raised has not been disclosed, the investment was made in exchange for a 20 percent stake in the company. Birdnest plans to use these funds to advance its technology, recruit high-quality team members regionally, and launch aggressive marketing campaigns.

Founded in 2020 by Mostafa El-Nahawy and Ahmed Fadda, Birdnest offers innovative furnishing services and rental management solutions aimed at maximizing earnings for real estate investors while providing significant value to tenants.

El-Nahawy emphasized the strategic importance of their partnership with Beltone Venture Capital, stating, “This collaboration with Beltone Venture Capital, a firm with a strong foundation in investment banking, provides us with more than just financial support. It offers the strategic financial infrastructure necessary for our next stage of growth.”

Ali Mokhtar, CEO of Beltone Venture Capital, expressed his enthusiasm for supporting Birdnest and its leadership team in realizing their vision of leading and innovating the real estate sector in the MENA region. “Birdnest has shown robust operational performance and, with its ambitious expansion plans, is well-positioned to become the leading proptech company in the region,” he stated.

With the new capital, Birdnest plans to expand its operations across major regional markets such as Athens, Dubai, and Riyadh, while significantly increasing its local presence in Egypt.

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