Book a free demo with us
Book Now
MENA’s New Funds: US $7.5 Billion Raised in Q1 2024

MENA’s New Funds: US $7.5 Billion Raised in Q1 2024

By Staff Writer 23 April 2024

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.

Content Locked

Login or Register a FREE account to continue browsing 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.

Subscribe To Our Newsletter

Stay up to date with the latest news, special reports, videos, infobytes, and features on the region's most notable entrepreneurial ecosystems

Subscribe to Our Newsletter

to keep up to date with Lucidity Insights' latest content