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Proptech startup Birdnest raised Pre-series A funding for 20% stake

A major pre-Series A funding round has been successfully closed by Birdnest, a trailblazing proptech startup that is transforming the real estate investment landscape. This accomplishment highlights the company’s strong growth trajectory and creative approach to real estate management and investment. Birdnest uses state-of-the-art technology to expedite procedures for all parties involved, with the goal of optimizing returns for real estate investors while offering tenants unmatched value.

This latest round of funding, which was spearheaded by prominent investors such as CI Venture Capital, a wholly-owned subsidiary of Citadel International Holdings, a well-known investment management company with its headquarters located in Abu Dhabi, and Beltone Venture Capital, a wholly-owned subsidiary of Beltone Holding, represents a turning point for Birdnest. The capital infusion in exchange for a 20% stake in the company indicates strong investor confidence in Birdnest’s vision and business model, even though the financial details of the investment are still unknown. The money will be used to strengthen Birdnest’s position in the market by strengthening its proprietary technologies, growing the regional quality team, and launching aggressive marketing campaigns.

Mostafa El-Nahawy, CO-CEO of Birdnest, highlighted the special benefits of partnering with an investor who brings a wealth of financial infrastructure expertise to the table while expressing his excitement about the partnership with Beltone Venture Capital (BVC).

“This partnership with Beltone Venture Capital, a venture capital firm with deep roots in investment banking, provides us with more than just capital. It equips us with the strategic financial infrastructure essential for our next phase of growth,” El-Nahawy stated.

With the funds wisely used, Birdnest will be able to grow its operations throughout important regional markets like Athens, Dubai, and Riyadh, as well as dramatically increase its local presence in Egypt. A key component of Birdnest’s aggressive plan to collaborate with independent property owners, institutional investors, and real estate developers is this expansion. The objective is to build and manage high-quality short-term rental properties and position Birdnest as the area’s top short-term rental marketplace.

Ali Mokhtar, CEO of Beltone Venture Capital, also shared his excitement about the investment, saying, “We are excited to support Birdnest and its leadership team to achieve their vision to lead and innovate the real estate sector in the MENA region. Birdnest has demonstrated strong operational performance, and with its ambitious expansion plans, it is well-positioned to become the leading proptech company in the region.”

Ahmed Fadda, CO-CEO of Birdnest, adds, “We are thrilled to announce our partnership with esteemed financial investors such as Belton Venture, whose support will bolster our expansion efforts throughout Egypt and facilitate financing solutions for our clientele to complete and furnish their assets. We are equally enthusiastic about our collaboration with CI Venture, which will play a pivotal role in driving our regional expansion initiatives.

Birdnest’s dedication to innovation and quality in the proptech industry is further reinforced by this funding round, which not only demonstrates the company’s noteworthy accomplishments but also lays the groundwork for its next phase of expansion.

 

 

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