February 2024 - Top 5 Funded Startups in MENAPT
As we move into the second month of the year, we see even steeper declines in MENAPT funding when compared to January YOY comparisons. Deal value dropped from US$1,073.5 million in February 2023 to US$353.1 million in February 2024, marking a YOY decrease of 67%. Deal counts also declined from 107 deals in February 2023 to 81 in February 2024 for a 24% YOY decrease. This trend is a clear indication of the ever-persistent VC winter that the region is struggling to recover from.
Infobyte: MENAPT Funding Rounds Total
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