Number of Exits of VC-Backed Startups for Top MENA Countries (2010-2023)
18 March 2024•
%2Fuploads%2Fnewsletter%2F2024%2F0318_2a.jpg&w=3840&q=75)
In the vibrant MENA landscape of VC-backed startups, Israel stands out as the unmatched frontrunner, boasting an impressive 537 exits from 2010 to 2023.
This powerhouse of innovation accounts for an astounding 70% of the region's total of 766 exits, underscoring its dynamic startup ecosystem.
In parallel, the UAE and Turkey are forging their own paths, exhibiting strong growth trajectories over the past decade.
Egypt and Saudi Arabia are displaying clear signs of momentum, with notable increases in exits over the last two to three years hinting at emerging surges.
Collectively, these ascending nations are gradually carving out a larger presence, slowly diminishing Israel's proportional dominance and contributing to a richly diverse and burgeoning startup ecosystem poised for the future.
Author
.jpg&w=3840&q=75)
We are a team of passionate Researchers, Data Junkies, and Story-Tellers that believe there is not enough quality business insights and compelling data analysis available in the marketplace, told in the formats users want. We want to give an insider's look into the industries, businesses and economies that are changing the world today, so our users can become inspired, empowered and equipped to run their businesses as best they can.
%2Fuploads%2Fsaudi-venture%2Fcover2.jpg&w=3840&q=75)
