Egyptian proptech startup Birdnest has successfully closed a pre-Series A funding round led by Beltone Venture Capital, a subsidiary of Beltone Holding. The round also saw participation from CI Venture Capital, a subsidiary of Abu Dhabi-based Citadel International Holdings.

Although the financial details remain undisclosed, the investment provides the investors with a 20% stake in Birdnest. According to Mostafa El-Nahawy, the CEO of Birdnest, the capital will be used to strengthen Birdnest’s regional quality team, enhance its proprietary technologies, and support aggressive marketing initiatives to solidify its market position.

The funds will expand the startup's presence across Egypt and scale operations across key regional markets, including Athens, Dubai, and Riyadh. Mostafa further highlighted the strategic value of the partnership with Beltone Venture Capital:

“This partnership with Beltone Venture Capital equips us with the strategic financial infrastructure essential for our next phase of growth.”

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Ali Mokhtar, CEO of Beltone Venture Capital, echoed El-Nahawy’s enthusiasm:

“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 is well-positioned to become the leading proptech company in the region.”

Birdnest aims to collaborate with real estate developers, institutional investors, and independent property owners to develop and operate high-value short-term rental properties, establishing itself as the leading short-term rental platform in the region.

Ahmed Fadda, Birdnest’s co-CEO, also expressed his excitement about the partnerships with Beltone Venture and CI Venture, highlighting their respective roles in supporting Birdnest’s expansion efforts in Egypt and the wider region.