The Surge of Mega-Round Investments in MENA

By Ashok Raman, 06 July 2023

Previously: UAE's Tech Scaleups Prominence Among MENA

Region’s Growth in Mega Rounds

The growth of funding in the region has exceeded US$4 billion in both 2021 and 2022 and the number of mega-rounds of US$300 million or more has seen an increasing trend with three seen in 2021 and six in 2022, including two scaleups listing on stock exchanges.

Through the years, there have been large funding rounds, with Careem being one of the first ones to pave the way, having raised US$ 500 million through December 2016 and first half of 2017. The marquee fundrai

Register & Read for Free

Just login or create a free account to enjoy our content


Related Report

Dubai's Venture Capital Ecosystem

There are 749 scale-ups that have raised over US $1 million in fundraising in the Middle East and North Africa region; collectively raising over US $19.5 billion, cumulatively, as of December 2022. Over 40% of these scale-ups call Dubai home.