MENAPT Funding Landscape Q1 - Q3 2024 vs Q1 - Q3 2023

The MENAPT region’s funding landscape from Q1 to Q3 2024 saw total investments of US $6.73 billion, a slight 0.5% increase over the US $6.69 billion raised in the same period in 2023. However, deal volume saw a sharp decline, with only 622 deals recorded—a 44.6% drop from 1,123 deals in the first three quarters of 2023. This decrease in deal count, coupled with steady funding levels, highlights a shift toward fewer but larger investments, indicating a maturing market where investors are concentrating on high-value, strategic opportunities.

Some of the period’s largest funding rounds include AI company G42, which secured a US $1.5 billion corporate round led by Microsoft, a US $330 million debt financing for Telegram in social media, and Pathfinder's $325 million debt financing in retail tech. The blockchain sector also drew substantial investment, with DOP raising $162 million through an Initial Coin Offering (ICO) and fintech firm MNT-Halan closing an undisclosed Series round at $157.5 million.