By Lucidity Insights Research Team • February 12, 2024
January 2024 MENAPT Funding Trends and Highlights: Navigating the VC Winter
The venture funding scene in the MENAPT region is stepping cautiously into 2024, reflecting an ongoing VC Winter. January 2024 marks a significant shift from the previous year's vibrant activity, with total deal values dropping to $520 million from over a billion dollars in January 2023. The number of deals also saw a drastic decline, falling from 201 to just 88. Despite the conservative investment climate, standout startups like Israeli cybersecurity company Silverfort raised $116 million, and Aqua Security secured $60 million. Dubai-based True Gamers and AgriTech startup Bluewhite also made notable strides, along with TravelTech startup Tumodo. This January, cybersecurity investments took top spots, emphasizing the growing demand for digital security.
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The Middle East & North Africa’s M&A Landscape 2017-2022
A five year review of the 2,911 M&A transactions executed across MENA region, amounting to over $276 billion in transaction value across the top 5 markets: Israel, United Arab Emirates, Egypt, Kingdom of Saudi Arabia, and Kuwait.
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February 2024 sees MENAPT venture funding drop to $353.1M with top deals by Exodigo, Flare, BRIA, DustPhotonics, and Sensos. Explore key trends in this video.
