Number Of Venture Deals by Quarter in Egypt
04 April 2024•
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As the VC winter well and truly set in around the globe in 2023, it is clear that the money that came into Egypt during the global investor bull-run was a catalytic force, but maturation still needs to happen across the entire ecosystem.
As the graph illustrates, Egypt was signing approximately 45 deals per quarter in 2022, and in 2023, that number dramatically reduced to approximately 15 deals per quarter.
In Egypt, just like in markets around the world – but especially in markets with currency risk like Nigeria and Pakistan – as money dried up, undisciplined investors and their startups have hit hard times and have had to take a close look at themselves in the mirror.
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