The Top 10 Most Funded Startups in H1 2024 for MENAPT Countries
By Nazmia Nassereddine • 16 July 2024
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As the first half of 2024 closes, let's take a closer look at the venture capital scene in MENAPT. Yearly comparison with 2023 data highlights a strategic shift towards larger, more mature investment opportunities. Average deal size saw a significant rise from US $5.62 million per deal in 2023 to US US $11.19 million in 2024. This is because the number of VC deals plummeted by 48.6% from 823 in 2023 to 423 in 2024 while total funding increased from US $4,622 million in 2023 to US $4,733 million in 2024, mainly driven by some large megarounds this year such as G42’s US $1.5 billion round.
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