MENA startups raised $55M in April, a 78% decrease from March 2024

MENA startups raised $254M in March, up 186% MoM, and breaking the trend in the first two months of Q1

MENA startups raised $88.7M in funding in February 2024 – a modest growth of 2% MoM in deal value

MENA startups raised $86.5M in funding in January 2024 –a 34% decrease year-on-year

MENA startups raised $4B in 2023 across 583 deals, a modest growth of 1.7% YoY

Dubai Integrated Economic Zones Authority launches Oraseya Capital, a AED500 Million Venture Capital Fund Targeting Tech Startups.

Growth stage funding in the MENA region faces ~$20Bn gap in the next 5 years, with only $4.2Bn VC dry powder available.

MENA startups raised $36M in September 2023, a 64% drop from previous month. Total amount of funding raised so far for the year is at $1.8B.

MENA startups raised $101M in August, showing a decline of 73% year-on-year in deal value. Despite the decline, KSA leads the pack with 53.4% of deal value raised.

H1 2023 funding results are in and echoes what is seen as a global trend in terms of funding decline.

MENA startups raised $35.6M in June 2023, pushing half year funding to $1.6B, with KSA achieving highest funding value. More on this month’s news recap.

Despite mixed economic outlook, MENAP fintech sector is well positioned to keep its momentum with revenues estimated to reach $4.5B in 2025

Funding raised by MENA startups experience a dramatic 97% drop from March with a total of $7M raise.

4th consecutive month of decline seen in VC funding with KSA taking top spot in funding amount.

3 Mega rounds announced, a lineup of acquisition news and two new VC funds raised — in February’s MENA Ecosystem News.

Evolution of Venture Debt in the region and top 3 industries for venture debt funding in our first MENA startup ecosystem report for 2023.