MENA Leading Industries by VC Investment, Q1 2024
19 June 2024•
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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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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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