Funding Type Splits & Average Funding Evolution for Foodtech and F&B Scaleups Across MENA
02 September 2023•
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MENA Foodtech Scaleups have had 376 funding rounds since 2010, of which seed stage rounds accounted for the majority at 51%.
The average funding round size has grown across each stage over the past 13 years.
Seed stage funding round has grown from an average $1 million through the 2010’s to reach $4.6 million in 2023.
Early stage foodtech funding sizes have varied over the years in MENA, starting with a high of $18M in 2011, but then dropping to an all-time low of $3.2M average round in 2016, to reaching an all-time high of $39.6M in 2021.
Early stage round sizes have stabilized back down to $17-20 Million in recent years.
Late stage funding rounds didn’t begin until 2019, and has varied in average funding round sizes from $18M to $145M in the past 5 years.
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