MENAPT 2024 Funding Wrap-Up: A Clear Shift in Investment Dynamics
The global venture capital landscape in 2024 has been marked by a shift toward concentration over expansion. While overall funding remained stable, the number of deals declined significantly, signaling a trend of fewer but larger rounds. Artificial intelligence (AI) emerged as the dominant sector, drawing an unprecedented one-third of global VC dollars.
The MENAPT region mirrored this shift but with a notable distinction: funding volume increased. In 2024, MENAPT startups raised US $10.19 billion across 932 deals, compared to US $9.69 billion across 1,486 deals in 2023. While global markets faced uncertainty, the region continued to attract capital, with larger funding rounds reflecting investor confidence in scalable, high-growth businesses.
The top 10 funding rounds of 2024 highlight three key trends:
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