Real estate marketing company Coldwell Banker Egypt has teamed up with Estate Waves to announce the launch of a new proptech called Meta Egypt.
The new-look startup has raised EG 150B ($4.9m) from an undisclosed source and will feature 30,000 residential, commercial and administrative units from more than 100 of Egypt's largest developers in a bid to bring more visibility to Egypt's available real estate to a wider audience across Africa and worldwide.
No launch date has been given, with the URL "estatewaves.com/comingsoon" the only indicator that Meta Egpyt is set to launch.
Coldwell Banker Egypt is a real estate consultant spanning residential, commercial, rental and resale properties, while Estate Waves is an Ontario-based all-in-one 3D marketplace for off-plan and completed projects.
The Egyptian market is receiving a lot of interest at the moment, with real estate vertical operator Property Finder announcing it will invest more in Egypt this year.
The African market in its entirety is also attracting more attention. Online Marketplaces recently spoke to VENCO founder Chude Osiegbu, Akintola Adesanmi from SPLEET, and Kelvin Nyame from MeQasa, while South Africa's Flow Living raised the biggest investment round in African proptech history in January.