Partment is a digital platform that enables users to co-own properties as second homes through fractional purchases from a curated listing. Users can buy units at prices fractionally lower than market value and benefit from Partment's end-to-end property management, which allows co-owners to use a unit for over 40 nights a year. Co-owners can exit by selling their portion independently and may realize potential capital gains. Launched in early 2022 by Nadim Nagui, Ahmed Raggal, and Chinmaya Das and headquartered in Cairo, the company is focused on product-market fit in Egypt and plans to scale across the wider MENA region. Partment cites its smart booking system as central to ongoing technology development and innovation. The startup recently raised US$1.5 million in a pre-seed round to enhance infrastructure and accelerate regional expansion.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Oct 2022