Top 10 Most Funded MENAPT Startups in H1 2024

In the first half of 2024, the top 10 most funded startups in MENAPT amassed a total of over $3 billion across various sectors. This influx of capital highlights the region's vibrant and diverse tech landscape. AI stood out attracting the largest share of funding and driving substantial growth. The UAE and Israel were at the forefront, with the UAE securing the highest total investment of approximately US $1.92 billion across three major rounds. Israel followed closely with five significant rounds, totaling US $713 million.

The UAE's G42 achieved a historic milestone by raising US $1.5 billion, marking the largest AI funding round ever in the MENAPT region. G42’s achievement reflects how hot AI is right now, and it will be interesting to see how this momentum continues to shape the technological advancements and investment trends in the region.

Below are the top 10 most funded startups, highlighting the diverse investment landscape of MENAPT:

• G42 (UAE) - Secured $1.5 billion from Microsoft for AI initiatives, marking the largest funding round ever for an AI startup in the MENAPT region.
• Telegram (UAE) - Raised $330 million through debt financing for its social media platform.
• PropertyFinder (UAE) - Secured $90 million, emphasizing the growing proptech-classifieds sector.
• DOP (Israel) - Raised $162 million via an initial coin offering for blockchain technology.
• InSightec (Israel) - Obtained $150 million in private equity for healthtech.
• Hailo (Israel) - Secured $120 million in a Series C round to enhance its AI capabilities.
• Salla (KSA) - Raised $130 million in venture funding to boost B2B commerce.
• Silverfort (Israel) - Secured $116 million in a Series D round for cybersecurity.
• Fetcherr (Israel) - Raised $90 million in a Series B round for sales technology.
• Exodigo (Israel) - Obtained $75 million in a Series A round for geospatial and subsurface technology.