MENAPT Funding Rounds June 2024 vs June 2023

As H1 2024 came to an end, the MENAPT VC landscape saw a slight increase in total deal value from US $423.7 million in June 2023 to $497.1 million in June 2024, marking a 17.3% rise. Deal count plummeted, however, to half of last year’s number of signed deals in the month, from 111 in June 2023 to just 55 deals in June 2024 — marking a stark 50.5% decline.  

The standout megaround in June came from Israeli Healthtech Insightec, which focuses on ultrasound technology. In June 2024, InSightec secured a megaround of US $150 million in a Private Equity round led by Ally Bridge Group, Fidelity, and Nexus NeuroTech, bringing its total funding to US $882.9 million.

The top five funding activities, spanning various industries and stages, included:

1. Insightec: Secured $150 million in a Private Equity round.
2. Fetcherr: Raised $90 million in a Series B round.
3. Avail: Captured $43 million in a Series A round.
4. Sensi.AI: Secured $31 million in a Series B round.
5. Tenderd: Closed the list with a $30 million Series A round.

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