MENA Scaleups' Capital Raised Distribution (2010-2022)

Considering the source of capital raise, venture capital and corporate rounds accounted for over three quarters of the capital raised, while IPOs and ICOs accounted for nearly equal share. Telegram’s ICO in 2017 resulted in US$1.7 billion raise, while the region experienced two major exits in IPOs from Jahez International and Swvl raising over US$400 million each.