The proptech business Birdnest, based in Cairo, Egypt, has effectively concluded a pre-Series A investment round with the objective of sharpening its focus and broadening its market reach.
Beltone Venture Capital, a division of Beltone Holding and CI Venture Capital, a division of Abu Dhabi-based Citadel International Holdings, participated in the funding round. The investment includes a 20% equity position in Birdnest, suggesting substantial investor faith in the company’s mission.
Mostafa El-Nahawy, Co-CEO of Birdnest, said, “With the help of Beltone Venture Capital, a company with extensive experience in investment banking, we have the strategic financial backing we need to move forward with our next stage of growth.”
The company is well-known for its innovative approach to real estate management and investing, using the latest technologies to maximize investor profits and provide value to renters. The platform simplifies procedures, increasing the accessibility and efficiency of real estate investing.
Ali Mokhtar, CEO of Beltone Venture Capital, stated, “We are excited to support Birdnest and its leadership team in their vision to lead and innovate the real estate sector in the MENA region. Birdnest has demonstrated strong operational performance, and with its ambitious expansion plans, it is well-positioned to become the leading proptech company in the region.”
The recently obtained capital will be employed to strengthen Birdnest’s market position through vigorous marketing campaigns, the development of its patented technologies and the augmentation of its local quality team. The company intends to grow in Egypt as well as in important surrounding markets like Dubai, Riyadh and Athens.
