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Cumulative VC Investments in Middle East & Africa 2018-2023 ($ Billions)
A Closer Look of MENA Region's Economic and Entrepreneurial Wave
Egypt has always been a dominant breeding ground for startups in the region, whether you look at the size of the ecosystem, the amount of venture capital deals it attracts, or the overall amount of funding the startups within the ecosystem attract compared to others in the region.
Beyond its substantial cumulative VC investments totaling $1.2 billion from 2018 to 2023, Egypt boasts a vibrant entrepreneurial landscape characterized by innovation and growth. The country's startup ecosystem attracts a significant share of venture capital deals, reflecting investor confidence in its potential for success.
Moreover, Egypt's strategic location positions it as a key player not only within the broader African ecosystem but also as a dominant force in the Middle East and North Africa (MENA) region.
Related Report
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Investing in Egypt’s Startup Ecosystem
Micro, Small and Medium Enterprises contribute over 40% to Egypt’s economy, and account for over 75% of the country’s total employment. Entrepreneurship is critical to Egypt’s future. Today, Egypt consistently ranks as a top 3 tech startup ecosystem in both the MENA and Africa regions, based on funds raised by local startups. In this special report, we speak to the most active investors in Egypt and cover some of the country’s most successful startups to give you an inside scoop on how they are navigating the current VC winter, inflationary pressures and currency devaluation woes.
