Birdnest closes significant pre-Series A round

NOHA.GAD
May 23, 2024

Cairo - Sharikat Mubasher: Birdnest, a leading proptech startup based in Cairo, successfully closed a significant undisclosed pre-Series A funding round, led by Beltone Venture and CI Venture Capital, to fuel its plans to grow and expand market presence, the startup announced in a press release.

Birdnest secured this investment in exchange for a 20% stake.

The proptech startup will allocate the proceeds to expand its footprints in Egypt and tap into new markets in Saudi Arabia and UAE, enhance proprietary technologies, and solidify its market position.

This round underscores Birdnest’s achievements and reinforces its commitment to innovation and excellence in the proptech sector.

Mostafa El-Nahawy, CO-CEO of Birdnest, affirmed that the partnership with Beltone Venture Capital equips the company with the strategic financial infrastructure essential for the next growth phase.

For his part, Ali Mokhtar, CEO of Beltone Venture Capital, commented: "We are excited to support Birdnest and its leadership team to achieve their vision to lead and innovate the Real Estate sector in the MENA region.”

Birdnest leverages innovative technology to streamline processes for all stakeholders, while maximizing returns for real estate investors and providing tenants with exceptional value.


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