August 17, 2024
Top 10 Most Funded Startups in MENAPT H1 2024: UAE Tops with a $1.5B Round in AI
As 2024 draws to a close, there have been several notable changes in the startup funding scene in the MENAPT region. There have been fewer deals but larger investments, reflecting a focus on mature, lower-risk ventures. With G42’s $1.5 billion deal with Microsoft leading the charge, the region’s total funding slightly increased to $4.73 billion. The list of top 10 funded startups includes major players like Telegram, InSightec, and DOP (Data Ownership Protocol), showcasing the region's growing appeal in AI, healthtech, and blockchain. Dive into our detailed analysis to explore these trends and what they mean for the future of the MENAPT ecosystem.
Dubai's Venture Capital Ecosystem
There are 749 scale-ups that have raised over US $1 million in fundraising in the Middle East and North Africa region; collectively raising over US $19.5 billion, cumulatively, as of December 2022. Over 40% of these scale-ups call Dubai home.
Other Videos
Watch the video to explore May 2024 MENAPT startup investments: 41% drop in deal value, key Proptech deals, and notable funding rounds. Discover trends!
Q1 2024 sees MENAPT VC funding drop to $1.52B with top deals by Telegram and Salla. Discover the top 5 deals in this recap. Watch the video for more insights!
Dubai, home to 306 scale-ups, leads with over 90% in the UAE and 40% in MENA. Watch our video to see why it's the MENA region's top digital economy hub.
