By Lucidity Insights Research Team • December 20, 2024
November 2024 MENAPT VC Funding Highlights
In November 2024, the MENAPT region witnessed a significant 61% decline in startup funding, totaling $510.1 million across 58 deals compared to $1.32 billion and 112 deals in November 2023. Despite the drop, key players like UAE's Advanta Seeds and Eye-wa secured mega rounds of $100 million each, while Saudi's Lean Technologies raised $67.5 million for its fintech platform. Israeli healthtech TailorMed secured $40 million, and mobile gaming platform Appcharge raised $26 million. These investments highlight the region's resilience amidst economic challenges, showcasing its continued innovation and growth potential.
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