By Lucidity Insights Research Team • July 20, 2024
MENAPT VC Funding Up +17.3% in June 2024 Despite Fewer Deals
June 2024 saw a 17.3% increase in MENAPT VC funding despite a drop in the number of deals year-over-year. Leading the month was healthtech company InSightec with a $150 million mega-round. Other significant investments included Fetcherr’s $90 million Series B, UAE-based Avail’s $43 million Series A in blockchain, Sensi.ai's $31 million Series B, and Tenderd’s $30 million for SaaS expansion. Although there were fewer deals YoY, the larger investment sizes reflect a trend toward late-stage funding. Dive into this month's top deals and the trends shaping the MENAPT region’s tech landscape.
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The Business of Healthtech in MENA
Globally, Digital Health is ballooning into a US $660 billion industry by 2025. MENA based healthtech startups have raised over $600 million and reached a combined valuations of nearly $2 billion. By exploring our special reports, you will gain valuable insights into the trends, challenges, and opportunities that define the MENA Healthtech landscape. Learn how technology is giving us greater access to healthcare and better health outcomes.
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