MENA Leading Industries by VC Investment, Q1 2024
Published date : 19 June 2024

MENA Leading Industries by VC Investment, Q1 2024

Fintech Sector Leads VC Investments in Q1 2024

In Q1 2024, the Fintech sector led VC investments in MENA, amassing US $195 million, propelled by Moove’s US $100 million Series B megaround in March. 

The Marketing sector followed closely, raising $149 million, primarily due to Mecca-based startup Salla’s US $130 million late-stage VC round. 

Rounding out the top 3, the Transportation sector secured $116 million, also driven by Moove’s Series B funding round.

Note: There can be instances of double counting as some startups, like Moove, span multiple sectors such as Fintech and Transportation.

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