Number of Exits in Egypt from 2019-2023

03 April 2024•

By Lucidity Insights Research Team

Looking at the number of exits of VC-backed startups in the Egyptian tech ecosystem, we see that the market is still in the nascent stages but gaining momentum.

In 2022, Egypt had a record 8 exits. In comparison with other Middle Eastern and African nations, Israel had a record 86 exits in 2021; the UAE had a record 15 exits in 2021; Turkey had a record 10 exits in 2023, and South Africa had a record 8 exits in 2023.

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Lucidity Insights Research Team

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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