About Partment
Partment is a company based in Cairo (Egypt) founded in 2022 by Nadim Nagui and Ahmed el Raggal.. Partment has raised $1.5 million across 1 funding round from investors including DPI Venture Capital and Plus VC. Partment offers products and services including Co-ownership Platform, Property Listings, and Rentals Service. Partment operates in a competitive market with competitors including Pacaso, ALYF, Legria, Prello and Fractal Homes, among others.
- Headquarter Cairo, Egypt
- Founders Nadim Nagui, Ahmed el Raggal
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Sectors
Real Estate & Construction
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.5 M (USD)
in 1 rounds
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Latest Funding Round
$1.5 M (USD), Seed
Sep 28, 2022
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Investors
DPI Venture Capital
& 1 more
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Employee Count
Employee Count
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Products & Services of Partment
Partment offers a comprehensive portfolio of products and services, including Co-ownership Platform, Property Listings, and Rentals Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Facilitates shared property ownership and cost management.
Browse and invest in luxury vacation destinations.
Allows users to rent out shares for additional income.
Funding Insights of Partment
Partment has successfully raised a total of $1.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.5 million completed in September 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $1.5M
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First Round
First Round
(28 Sep 2022)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Seed - Partment | Valuation | Nclude |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Partment
Partment has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include DPI Venture Capital and Plus VC. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital funding is provided to innovative startups in emerging markets.
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Founded Year | Domain | Location | |
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Early-stage venture capital is provided to MENA startups by Plus VC.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Partment
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Partment
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Partment Comparisons
Competitors of Partment
Partment operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Pacaso, ALYF, Legria, Prello and Fractal Homes, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online listing platform to buy or sell co-ownership homes
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| domain | founded_year | HQ Location |
Online listing platform that provides co-own residential properties
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| domain | founded_year | HQ Location |
A platform connecting users for co-owning residential properties is provided.
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| domain | founded_year | HQ Location |
Provider a platform to buy a house on co ownership
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| domain | founded_year | HQ Location |
Co-owned residential properties are listed and connected through a platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Partment
When was Partment founded?
Partment was founded in 2022.
Where is Partment located?
Partment is headquartered in Cairo, Egypt.
Is Partment a funded company?
Partment is a funded company, having raised a total of $1.5M across 1 funding round to date. The company's 1st funding round was a Seed of $1.5M, raised on Sep 28, 2022.
What does Partment do?
Partment was founded in 2022 in Cairo, Egypt, as an online platform in the real estate sector. Co-owned residential properties are listed for users to search and purchase fractional shares based on budgets. Equitable usage quotas are allocated through a booking system according to ownership stakes, and shares can be sold via the platform. Operations focus on managed properties in the region.
Who are the top competitors of Partment?
What products or services does Partment offer?
Partment offers Co-ownership Platform, Property Listings, and Rentals Service.
Who are Partment's investors?
Partment has 2 investors. Key investors include DPI Venture Capital, and Plus VC.
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