MENA’s New Funds: US $7.5 Billion Raised in Q1 2024
By Staff Writer • 23 April 2024
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The MENA region started 2024 with a substantial increase raising an impressive US $7.5 billion in the first quarter alone across various fund types ranging from venture capital to private equity.
This figure is almost 2.5 times higher than the average raised in each quarter over the previous two years, if we set aside the exceptional spike in Q3 2022. That quarter saw US $50.9 billion raised, largely due to two major funds: PIF's US $37.8 billion fund and G42's US $10 billion fund.
Let’s explore the funds launched in Q1 2024 that are championing innovation and entrepreneurship both regionally and globally.
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