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