By Lucidity Insights Research Team • April 20, 2025
March 2025 continued the trend of fewer but larger VC deals in MEAPT, reinforcing investor selectivity while maintaining strong funding momentum. Total startup funding surged 18.5% YoY to $2.8B, but deal count fell sharply to just 266 rounds, signaling a continued focus on scaling high-value ventures.
Leading this month’s funding wave is UAE-based OSN+ ($57M), backed by Warner Bros Discovery, reinforcing its dominance in MENA’s streaming landscape. Kela Technologies (Israel) raised $39M, combining Series A and Seed rounds led by Lux Capital and Sequoia Capital, advancing AI-driven defense technology. Grain ($33M) is optimizing FX transactions using AI automation, backed by Bain Capital Ventures.
Fintech and healthtech saw notable traction, with NymCard (UAE) securing $33M to scale MENA’s payments infrastructure, while Nurami Medical (Israel) raised $30M for surgical innovations in neurological treatments. Cybersecurity startup Sola Security ($30M) enables no-code security applications, backed by S Capital and Mike Moritz. Meanwhile, Aleph Farms ($29M) continues to expand cultivated meat production, targeting Europe and Asia.
Closing out the top 10, Klaim (UAE) raised $26M to accelerate healthcare financing, Utila (Israel) secured $18M for institutional blockchain asset management, and Brain.space ($11M) drives AI-powered cognitive research, backed by Toyota Ventures.
With MEAPT’s VC ecosystem shifting toward impact-driven investments, the region remains on track for long-term innovation growth. Want deeper insights? Visit LucidityInsights.com for exclusive funding trends and startup analysis.
The State of Fintech in the Middle East
With 1,500+ fintechs, $4.2B in 2023 funding, 7 IPOs, 30+ M&A exits, and the rise of unicorns and superapps, the Middle East’s fintech sector is transforming into a global powerhouse. Discover the key players, emerging trends, and market forces shaping the future of finance in MENAT.
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