Birdnest Closes Pre-Series A Funding
The round was led by investors including Beltone Venture Capital and CI Venture Capital.
Egypt-based proptech Birdnest has completed its pre-Series A funding round for a 20% stake in the company. The round was led by investors, including Beltone Venture Capital and CI Venture Capital.[1]
Founded in 2020 by Mostafa El-Nahawy and Ahmed Fadda, Birdnest provides furnishing services and rental management solutions to guarantee optimal returns for real estate owners and value for tenants.
The exact financial details of the funding round remain undisclosed, but the infusion of capital will be directed toward expanding the regional quality team, enhancing proprietary technologies, and launching new marketing initiatives.
With a focus on regional expansion, Birdnest plans to strengthen its presence in key markets such as Egypt, Athens, Dubai, and Riyadh.
The company also aims to partner with real estate developers, institutional investors, and independent property owners to develop and operate high-value, short-term rental properties.