MENAPT Funding Rounds Wrap Up: 2024 vs 2023
19 February 2025•
%2Fuploads%2Farticles%2F2025%2F0218_menapt-wrap-up%2F01.jpg&w=3840&q=75)
In 2024, global VC funding remained steady in dollar terms but shifted toward fewer, larger rounds—driven primarily by AI, which claimed one-third of all VC dollars. The MENAPT region bucked the trend by both increasing its total funding to US$10.19B (up from US$9.69B) and simultaneously reducing deal volume from 1,486 to 932. This signals investors’ growing preference for high-conviction bets on scalable startups.
A look at the year’s top deals reveals three notable themes:
-
AI & Deep Tech Surge – G42’s landmark US$1.5B funding from Microsoft underscores fierce competition for AI dominance.
-
Debt Financing Rises – Tightening equity markets led late-stage startups like Quantix and Telegram to secure large debt deals.
-
Pre-IPO Maturity – Sizable rounds for Salla and Cadena highlight a burgeoning pipeline of companies preparing to go public.
Author
.jpg&w=3840&q=75)
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.
