August 2024 MENAPT VC Funding: Significant Drop in Startup Investments

In August 2024, MENAPT—spanning the Middle East, North Africa, Pakistan, and Turkey—saw a sharp decline in startup investments, totaling $283.6 million across 56 deals, a 60% drop from August 2023. Despite the drop, significant deals included UAE's Orbitworks raising $100 million, Turkey's Plan-S securing $40 million, UAE's Yuze Digital with $30 million, UAE's E Daddy at $15 million, and Israel's LightSolver receiving $13.6 million. SpaceTech companies led the way, reflecting ongoing interest in the sector. Track all major investments and trends in the region’s tech ecosystem here at Lucidity Insights!