MENAPT Funding Rounds: May 2024 vs May 2023

The VC scene saw a notable year-over-year decline in May, with total deal value dropping by 41% from $961.6 million in May 2023 to $571.2 million in May 2024. This decline was paralleled by a 38% decrease in deal count, from 133 in May 2023 to 83 in May 2024, notably absent of any megarounds.

Notably, 3 proptech startups are in top 5 of the largest funding rounds of May 2024 raising a combined $154 million. The top five funding activities, spanning proptech, gaming and robotics, included:

1. Property Finder: Secured $90 million through debt financing.
2. Spyke: Raised $50 million in its Series A funding.
3. XTEND: Captured $40 million in a Series B round.
4. Agora: Achieved $34 million in a Series B round.
5. Keyper: Closed the list with a $30 million through debt financing.