July 2024 MENAPT VC Funding Sees 3 Mega Rounds: Top 5 Fundraising Rounds
As the second half of 2024 kicks off, MENAPT's startup ecosystem is gaining momentum with a significant surge in VC funding. July 2024 recorded a 123% year-on-year increase in funding, totaling $1.171 billion, despite a drop in deal count. Leading the pack is UAE-based Pathfinder with a $325 million round, followed by Egyptian fintech MNT-Halan and Israeli healthtech Magenta Medical. The month also saw promising rounds from Sentient Labs and CytoReason, reflecting a strong focus on healthtech and AI innovation. Explore the details behind these major investments and what they mean for the MENAPT region's tech landscape.
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