Beltone Venture Capital nets 3.5x return in partial BirdNest exit
What's the deal? Beltone Venture Capital, the venture arm of Beltone Financial, has completed a partial exit from Egyptian co-living and hospitality startup BirdNestDealroom has a profile for this one. Try Dealroom →, generating a 3.5x return on invested capital and an 80% internal rate of return.
The sale covered both Beltone's direct stake in BirdNest and its indirect holding through a joint fund with UAE-based Citadel International HoldingsDealroom has a profile for this one. Try Dealroom →. Beltone is retaining a strategic stake in the company; it first backed BirdNest's pre-Series A round in May 2024.
Why now? BirdNest has grown its US dollar-denominated revenue more than tenfold since the investment while reaching profitability, according to the company — a track record that let Beltone realize gains without a full exit.
"This partial exit enables us to return capital to our investors while retaining a strategic stake in BirdNest. We remain committed to supporting the company's next phase of growth through Beltone's financial ecosystem and capabilities," said Ali MokhtarDealroom has a profile for this one. Try Dealroom →, CEO and Managing Partner of Beltone Venture Capital.
"As we enter our next phase, we remain focused on creating sustainable long-term value and redefining hospitality through technology and exceptional guest experiences," said Mostafa El-NahawyDealroom has a profile for this one. Try Dealroom →, co-founder and CEO of BirdNest.
Read more: Entarabi · Wamda
