Beltone Venture Capital has announced the successful partial exit from BirdNest, delivering a 3.5x return on invested capital and an 80% internal rate of return (IRR) over a two-year holding period.
The Partial Exit
The partial exit was executed across Beltone Venture Capital’s direct stake and its indirect stake through the joint fund with UAE-based Citadel International Holdings, while Beltone Venture Capital continues to retain a strategic stake in BirdNest, reinforcing its confidence in the company’s long-term growth potential.
Strategic Stake
Commenting on the milestone, Ali Mokhtar, CEO & Managing Partner of Beltone Venture Capital, said: “This outcome reflects the discipline of Beltone Venture Capital’s investment approach from rigorous underwriting and active portfolio support to disciplined capital realization. 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.”
BirdNest’s Business Model
Mostafa Elnahawy, Co-Founder & CEO of BirdNest, added: “This milestone reflects the strength of BirdNest’s business model and the dedication of our team, partners, and investors. Over the past two years, we have achieved more than 10x growth in U.S. dollar revenue while reaching profitability. As we enter our next phase, we remain focused on creating sustainable long-term value and redefining hospitality through technology and exceptional guest experiences.”