Egyptian Proptech Birdnest Secures Pre-Series A Round

Birdnest, a pioneering proptech startup revolutionizing the real estate investment landscape, is thrilled to announce the successful closing of a significant pre-Series A funding round. The latest funding round, led by notable investors including Beltone Venture Capital, a wholly-owned subsidiary of Beltone Holding, and CI Venture Capital, a wholly-owned subsidiary of Citadel International Holdings. While the financial details of the investment remain undisclosed, the infusion of capital was in exchange for a 20% stake in the company.

Founded in 2020 by Mostafa El-Nahawy and Ahmed Fadda, Birdnest offers innovative furnishing services and rental management solutions to ensure maximum returns for real estate investors and value for tenants. The funds are earmarked for the expansion of the regional quality team, the enhancement of proprietary technologies, and marketing initiatives to reinforce Birdnest’s market position.