What is Sakneen?
Founded in 2019 and headquartered in Cairo, Egypt, Sakneen is at the forefront of revolutionizing the property market with its innovative online real estate platform. The company aims to streamline the process of buying and selling properties, catering to developers, agents, and individual buyers alike. By leveraging technology, Sakneen is building a comprehensive ecosystem designed to enhance transparency and efficiency in real estate transactions, primarily focusing on residential properties.
How much funding has Sakneen raised?
Sakneen has raised a total of $1.1M across 1 funding round:
Angel/Seed
$1.1M
Angel/Seed (2021): $1.1M with participation from Sarwa Capital, Algebra Ventures, and Foundation Ventures LLC
Key Investors in Sakneen
Sarwa Capital
Sarwa Capital is an undisclosed investor participating in the funding round.
Algebra Ventures
Algebra Ventures is a tech-focused venture capital firm based in Egypt, dedicated to partnering with bold and resilient founders to build transformative companies across Africa. With over $825 million invested in more than 35 portfolio companies, Algebra Ventures provides not just capital but also strategic guidance, talent development, and access to co-investors. The firm operates a multi-stage investment strategy, primarily focusing on seed to Series B stages, and is recognized for backing notable startups that have become leaders in their respective markets. Algebra Ventures aims to empower entrepreneurs to improve lives at scale through innovative technology solutions.
Foundation Ventures LLC
Foundation Ventures LLC is an undisclosed investor participating in the funding round.
What's next for Sakneen?
The recent major strategic investment signals a pivotal moment for Sakneen, likely enabling the company to accelerate its expansion plans, enhance its platform capabilities, and potentially broaden its market reach within Egypt and beyond. This backing is expected to fuel further development of its property technology solutions, solidifying its position as a key player in the PropTech landscape. The company's focus on creating a user-friendly and efficient online marketplace positions it for sustained growth and market leadership.
See full Sakneen company page
