%2Fuploads%2Fnewsletter%2F2024%2F0312_3b.jpg&w=3840&q=75)
MENAPT Funding Rounds Total Deal Value ($USm) & Deal Count - Feb 24 vs. Feb 23
February continued the downtrend observed in January, with deal values plummeting by 67% compared to February 2023, reinforcing the persistence of the VC winter.
A substantial portion of this funding, amounting to $340.5 million and accounting for over 95% of the total MENAPT investment value, was concentrated in Israel and the UAE.
The five largest funding rounds, spanning various industries and funding stages, were centered in these two countries:
- Exodigo raised US $75 million in its Series A
- Flare Network raised US $35 million
- BRIA raised US $24 million in its Series A
- DustPhotonics raised US $24 million in its Series B
- Sensos raised US $20 million in its Series A
Related Report
%2Fuploads%2Fdubai-digitized-economy-2%2Fcover.jpg&w=3840&q=75)
Dubai’s Digital Economy and Its Expanding Startup Ecosystem
Dubai’s startup ecosystem will have raised over USD 2 billion by the end of 2022, with self-employed and digital economy roles tripling. Few MENA markets have a 20-year-old startup ecosystem birthing multiple unicorns. Dubai has been the digital startup hub for tech giants and new unicorns alike. Since 2017, Dubai has raised 96% of UAE’s funds, totaling over USD 2 billion by October 2022. LinkedIn data shows a booming digital economy job market with increasing opportunities and remote work options. Learn from top home-grown startups and global transplants why Dubai is poised to become the next digital economy capital of the world.
Related Videos & Podcasts
UAE: The Middle East's Thriving Hub for Tech Unicorns
By Staff Writer • November 19, 2024July 2024 MENAPT VC Funding Sees 3 Mega Rounds: Top 5 Fundraising Rounds
By Lucidity Insights Research Team • August 18, 2024The Story of Shazam
By Staff Writer • June 10, 2024Dubai as the Next Digital Economy Capital of the World
By Lucidity Insights Research Team • February 28, 2023Dubai's Ambitious Plans for Digital Dominance
By Lucidity Insights Research Team • February 27, 2023
%2Fuploads%2Fvideos%2Fuae-funding%2FUAERiseUnicorn.jpg&w=3840&q=75)
%2Fuploads%2Fvideos%2Fmenapt-top-5%2FMENAPT_funding_July2024.jpg&w=3840&q=75)
%2Fuploads%2Fpodcast%2Fspotlights%2FS1E01.png&w=3840&q=75)
%2Fuploads%2Fdubai-digitized-economy-2%2Fvideo%2FTrailer%25201%2520-%2520Dubai%2520Digital%2520Economy%2520-%2520Rockstar%2520Players%2520Ver2.jpg&w=3840&q=75)
%2Fuploads%2Fdubai-digitized-economy-2%2Fvideo%2FDubai%2520Digital%2520Economy%2520Part%25202%2520-%2520Trailer%25201a.jpg&w=3840&q=75)
Did you check these out?
MENAPT Funding Rounds November 2024 vs November 2023
By Staff Writer • December 18, 2024The Box Raises $12.5M from Shorooq to Elevate Self-Storage in the UAE
By Staff Writer • February 21, 2025Menakart Partners with Tabby and Tamara to Enhance Customer Payment Options
By Staff Writer • February 19, 2025Qashio & Myne Partner to Transform Financial Wellness for Companies and Employees
By Staff Writer • February 14, 2025AI Firm 'AppliedAI' Secures $55M Series A Funding to Expand AI Solutions
By Staff Writer • February 12, 2025qeen.ai Secures $10M Seed Funding to Scale AI Agents for E-Commerce
By Staff Writer • February 05, 2025UAE-Based Myne Closes $2M Pre-Seed Round to Scale Operations
By Staff Writer • February 04, 2025Pluto Raises $4.1M Pre-Series A, Expands AI-Driven Banking Solutions in GCC and Beyond
By Staff Writer • January 24, 2025Nominations Open for SEFFY Awards 2025 to Empower UAE Entrepreneurs
By Staff Writer • January 17, 2025Careem's 2024 Highlights: The 'Everything App' That Keeps Growing
By Staff Writer • January 09, 2025
%2Fuploads%2Fnewsletter%2F2024%2F1218_1b.png&w=3840&q=75)
%2Fuploads%2Fpr%2520articles%2F2025%2F02%2F21_1thebox.jpg&w=3840&q=75)
%2Fuploads%2Fpr%2520articles%2F2025%2F02%2F19_6menakart.jpg&w=3840&q=75)
%2Fuploads%2Fpr%2520articles%2F2025%2F02%2F14_6qashiomyne.jpg&w=3840&q=75)
%2Fuploads%2Fpr%2520articles%2F2025%2F02%2F12_6appliedai.jpg&w=3840&q=75)
%2Fuploads%2Fpr%2520articles%2F2025%2F02%2F05_1qeenai.jpg&w=3840&q=75)
%2Fuploads%2Fpr%2520articles%2F2025%2F02%2F04_3myne.jpg&w=3840&q=75)
%2Fuploads%2Fpr%2520articles%2F2025%2F01%2F24_1pluto.jpg&w=3840&q=75)
%2Fuploads%2Fpr%2520articles%2F2025%2F01%2F17_1seffy.jpgv&w=3840&q=75)
%2Fuploads%2Fpr%2520articles%2F2025%2F01%2F09_3careem2024.jpg&w=3840&q=75)
Related Contents
Articles
MEAPT Funding Overview: Year-to-Date Trends and Top 10 Funding Rounds - January 2025
By Staff Writer • March 10, 2025Infobytes
MENAPT Funding Rounds Wrap Up: 2024 vs 2023
By Staff Writer • February 19, 2025Infobytes
Year in Review: MENAPT Deal Value & Deal Count in 2024
By Staff Writer • February 05, 2025Articles
December 2024 - Top 5 Most Funded Startups in MENAPT
By Staff Writer • January 31, 2025Infobytes
Crypto Fundraising Deal Value and Count (Q4 2024 vs Q4 2023)
By Staff Writer • January 22, 2025Infobytes
MENAPT Funding Rounds December 2024 vs December 2023
By Staff Writer • January 15, 2025Articles
November 2024 - Top 5 Most Funded Startups in MENAPT
By Staff Writer • December 16, 2024Infobytes
MENAPT Funding Rounds October 2024 vs October 2023
By Staff Writer • November 27, 2024Articles
October 2024 - Top 5 Most Funded Startups in MENAPT
By Staff Writer • November 21, 2024
%2Fuploads%2Farticles%2F2025%2F0311_meapt-most-funded-startups-jan-25%2Fcover.jpg&w=3840&q=75)
%2Fuploads%2Farticles%2F2025%2F0218_menapt-wrap-up%2F01.jpg&w=3840&q=75)
%2Fuploads%2Fnewsletter%2F2025%2F0205_2.jpg&w=3840&q=75)
%2Fuploads%2Farticles%2F2025%2F0131_dec-23-vs-24%2Fcover.jpg&w=3840&q=75)
%2Fuploads%2Fnewsletter%2F2025%2F0122_1a.jpg&w=3840&q=75)
%2Fuploads%2Fnewsletter%2F2025%2F0115_1.jpg&w=3840&q=75)
%2Fuploads%2Farticles%2F2024%2F1216_nov-23-vs-24%2Fcover.jpg&w=3840&q=75)
%2Fuploads%2Fnewsletter%2F2024%2F1127_1.jpg&w=3840&q=75)
%2Fuploads%2Farticles%2F2024%2F1121_oct-24-vs-23%2Fcover.jpg&w=3840&q=75)
Subscribe to Our Newsletter
to keep up to date with Lucidity Insights' latest content
