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Wednesday, April 24, 2024 0:1 GMT
Egypt-based property technology startup Partment raised US$1.5 million in a pre-seed funding round led by venture capital firm Nclude. The company will use its acquired funding to deploy its platform by offering a solution for home co-ownership in Egypt.Founded in 2022, the platform allows users to explore different listings of homes and co-own properties with 40+ nights per year to use the property. “Partment is a new concept in Egypt, and we believe it will change how people buy and use real estate in the local and international market,” Nadim Nagui, CEO at Partment, said in a statement.