Egypt’s PropTech Startup Partment Raises USD 1.5 Mn Pre-Seed Round

Partment, a PropTech startup that offers co-owned second homes, raised USD 1.5 Mn in a pre-seed round. The round was led by Nclude, a VC platform focused on investing in FinTech startups in Egypt and MENA, and Plus Venture Capital (+VC), a MENA-focused venture capital firm investing in pre-seed and seed tech startups.

Partment offers a hassle-free solution for second home co-ownership. Through the digital platform and smart booking system, Partment enables users to co-own second homes at a fraction of the price, while providing an end-to-end property management service, optimizing property utilization. The new funding will go into enhancing the startup’s infrastructure and deploying its MVP.