{"id":2763,"date":"2026-08-04T02:20:57","date_gmt":"2026-08-03T23:20:57","guid":{"rendered":"https:\/\/dailybusiness.info\/?p=2763"},"modified":"2026-08-04T02:20:57","modified_gmt":"2026-08-03T23:20:57","slug":"beltone-vc-partially-exits-proptech-platform-birdnest-at-80-irr","status":"publish","type":"post","link":"https:\/\/dailybusiness.info\/?p=2763","title":{"rendered":"Beltone VC partially exits proptech platform BirdNest at 80% IRR"},"content":{"rendered":"
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Beltone Venture Capital has partially exited its investment in Egyptian proptech and hospitality platform BirdNest<\/strong>, generating a 3.5x return on invested capital and an 80% internal rate of return (IRR) over a two-year holding period, the company said in a statement (pdf)<\/a>. The transaction covered both Beltone VC\u2019s direct investment and its stake through its joint fund with UAE-based Citadel International Holdings. Financial terms were not disclosed.<\/p>\n

Why it matters:<\/strong> An 80% IRR over two years stands out at a time when the 2024 devaluation has eroded returns across much of Egypt\u2019s VC ecosystem. It also marks another successful realization for Beltone Venture Capital while allowing it to stay invested in a company it believes still has meaningful upside.<\/p>\n

Beltone VC remains invested in BirdNest\u2019s next phase.<\/strong> \u201cThis partial exit enables us to return capital to our investors while retaining a strategic stake in BirdNest. We remain committed to supporting the company\u2019s next phase of growth through Beltone\u2019s financial ecosystem and capabilities,\u201d CEO and Managing Partner Ali Mokhtar said.<\/p>\n

What\u2019s next:<\/strong> More than 10x growth in USD-denominated revenue over the past two years has helped BirdNest reach profitability, setting the company up for its next phase of expansion. \u201cWe remain focused on creating sustainable long-term value and redefining hospitality through technology and exceptional guest experiences,\u201d cofounder and CEO Mostafa Elnahawy said.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n

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Skip to content Beltone Venture Capital has partially exited its investment in Egyptian proptech and hospitality platform BirdNest, generating a 3.5x return on invested capital and an 80% internal rate of return (IRR) over a two-year holding period, the company said in a statement (pdf). The transaction covered both Beltone VC\u2019s direct investment and its […]<\/p>\n","protected":false},"author":1,"featured_media":2764,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[157],"tags":[],"class_list":["post-2763","post","type-post","status-publish","format-standard","has-post-thumbnail","category-featured"],"yoast_head":"\nBeltone VC partially exits proptech platform BirdNest at 80% IRR - daily business egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailybusiness.info\/?p=2763\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Beltone VC partially exits proptech platform BirdNest at 80% IRR\" \/>\n<meta property=\"og:description\" content=\"Skip to content Beltone Venture Capital has partially exited its investment in Egyptian proptech and hospitality platform BirdNest, generating a 3.5x return on invested capital and an 80% internal rate of return (IRR) over a two-year holding period, the company said in a statement (pdf). 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