Tech startup Sakneen raises US$1m seed round led by Algebra Ventures

EGYPT – Sakneen, a Cairo-based property tech startup, has announced that it has raised US$1.1 million in a seed round led by Algebra Ventures with a major participation from Sarwa Capital and Foundation Ventures. The round also included US-based real estate private equity firm Hem + Spire, Saudi-based investment firm Nakhla VC, and angels from Google, BlackRock, and McKinsey. Founded in late 2019 by Ramy Khorshed and Hussein El Kheshen, Sakneen makes buying and selling homes easier through its property portal. The users looking to buy a home can use…

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