June 13, 2024
In May 2024, startup investments in the MENAPT region (Middle East, North Africa, Pakistan, and Turkey) saw a decline, with total deal values dropping by 41% from $961.6 million in May 2023 to $571.2 million. The number of deals also fell by 38%, from 133 to 83. However, there are promising developments, particularly in Proptech, gaming, and e-commerce.
Key highlights include:
Despite the overall decline, Proptech led the way, showcasing strong investor interest in innovative real estate solutions. Watch the full video to explore how these trends are shaping the investment landscape in MENAPT!
Dubai's Venture Capital Ecosystem
There are 749 scale-ups that have raised over US $1 million in fundraising in the Middle East and North Africa region; collectively raising over US $19.5 billion, cumulatively, as of December 2022. Over 40% of these scale-ups call Dubai home.
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Join free founder masterclasses with top VCs from the Middle East & Africa. Learn about VC funding, perfecting pitches, and mastering fundraising strategies.