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Disclosed Equity Funding & Deals in MENA: Decline Continues in Q2 2023
The MENA Region has felt a sharp frostbite from the VC Winter.
Though the VC Winter took an extra quarter to set into the region, when it hit - it sucked the wind out of the regional VC ecosystem.
Q2 2022 experienced a 30% QoQ funding drop. H1 2023 saw a 62% funding drop, compared to H1 2022, marking a particularly frigid period.
Q3 data coming in also points towards the weakest VC investment quarter in the MENA region in two years.
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We are a team of passionate Researchers, Data Junkies, and Story-Tellers that believe there is not enough quality business insights and compelling data analysis available in the marketplace, told in the formats users want. We want to give an insider's look into the industries, businesses and economies that are changing the world today, so our users can become inspired, empowered and equipped to run their businesses as best they can.
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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.
