The Surge of Mega-Round Investments in MENA
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