February 2024 - Top 5 Funded Startups in MENAPT
By Staff Writer • 05 April 2024
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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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