Birdnest , an Egyptian proptech startup, has secured an undisclosed amount of funding to expand into new markets and enhance its existing operations in Egypt.
The pre-Series A funding round saw contributions from Beltone Venture Capital and CI Venture Capital , among other investors.
Although the exact amount raised remains unknown, the funding was exchanged for a 20 percent stake in the company. Birdnest plans to utilize these funds to advance its technology, hire additional 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 designed to maximize earnings for real estate investors while providing significant value to tenants.
El-Nahawy emphasized the 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."
