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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:
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The Business of Healthtech in MENA
Globally, Digital Health is ballooning into a US $660 billion industry by 2025. MENA based healthtech startups have raised over $600 million and reached a combined valuations of nearly $2 billion. By exploring our special reports, you will gain valuable insights into the trends, challenges, and opportunities that define the MENA Healthtech landscape. Learn how technology is giving us greater access to healthcare and better health outcomes.
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