Birdnest secures pre-Series A round for 20% stake

Birdnest secures pre-Series A round for 20% stake

Egypt-based proptech Birdnest has closed an undisclosed pre-Series A funding round for a 20% stake in the company, led by notable investors including Beltone Venture Capital and CI Venture Capital.

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.

Press release:

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, underscoring the company's robust growth trajectory and its innovative approach to real estate management and investment. With a mission to maximize returns for real estate investors while providing tenants with unparalleled value, Birdnest leverages cutting-edge technology to streamline processes for all stakeholders involved.

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, a prominent investment management firm headquartered in Abu Dhabi, marks a pivotal moment for Birdnest. While the financial details of the