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. Learn how technology is giving us greater access to healthcare and better health outcomes.
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Delve into the rising healthcare expenditures in the Middle East, including the UAE's $19.7B spending in 2020, constituting 22.7% of the GCC's total. Watch the full video for insights.
