Which MENA Countries Account for Largest Funding Raised by Foodtech Scaleups?
25 August 2023•
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Since 2010, there have been 138 foodtech scaleups in MENA that have raised $1M or more each, accounting for US $4.2 billion in cumulative Foodtech funding in the region. Israeli foodtech scaleups have raised 49% of this value, followed by the UAE (31%) and Saudi Arabia (12%). But funding has been steadily increasing; in the past 2 years alone, Foodtech funding has exceeded $2 billion, accounting for nearly half of all funding across the past 12 years.
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