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February 2024 - Top 5 Funded Startups in MENAPT

February 2024 - Top 5 Funded Startups in MENAPT

By Staff Writer 05 April 2024

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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Mentioned Startup & VC Profiles
Flare Network

Flare Network

Flare Network is a revolutionary blockchain that allows for secure and decentralized bridging, full cross-chain composability, and integration of Web2 data in Web3 dApps.

DustPhotonics

DustPhotonics

DustPhotonics develops and manufactures pluggable optical modules and solutions for data center, enterprise, and HPC applications.

Exodigo

Exodigo

Exodigo is a non-intrusive subsurface imaging platform that provides a digital geolocated 3D map of buried assets. The company utilizes a combination of multi-sensor fusion and artificial intelligence to dramatically improve accuracy and time to map while reducing damages and costs associated with unnecessary excavation. It also helpstransportation, energy, utility, and construction leaders to design, dig, and build by providing accurate subsurface intelligence to derisk the underground.

BRIA

BRIA

Sensos

Sensos

Sensos digitizes supply chains providing real time end-to-end global visibility.

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