MENA Total Capital Raised, by Country, 2012-2022

In terms of capital raised, the last decade has seen US$19.7 billion in funding, by all startups, on a disclosed value basis. The UAE shines once again, accounting for nearly two-thirds of all the capital raised. While Egypt was positioned second in terms of number of funding rounds, the country settled in third position for capital raised, behind Saudi Arabia with over US$3.5 billion, accounting for 19% of total MENA capital raise.