Investors in Egypt look to be turning their attention to real estate startups. After weeks after the $1.1m investment in Sakneen, another six-figure pre-seed investment from Japanese private equity firm Luqman Weise Capital, which specialises in technology creation and fintech innovation, has been poured into Giza-based property technology (proptech) company RentUp.
The proptech startup aims to use the investment to speed up the growth of its platform, which will be launched in April.
“The platform uses artificial intelligence (AI) technology to provide a practical solution-driven experience to its customers,” said Yahya Negm, founder of RentUp.
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Established in 2020 to disrupt the home-buying/rental industry, RentUp utilises AI-driven and machine learning technologies. Both short and long term rentals are included in the startup’s offerings.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer
startup RentUP startup RentUP