Book a free demo with us
Book Now
October 2024 MENAPT VC Funding Highlights

By Lucidity Insights Research Team November 10, 2024

October 2024 MENAPT VC Funding Highlights

In October 2024, MENAPT startups secured $690.1 million in venture capital funding, marking an 83% increase year-over-year. However, the number of deals declined by 14%, highlighting a focus on larger, later-stage investments. Prominent startups include Israel’s Anan with $107 million for data center infrastructure, ONE ZERO with $100 million for digital banking, UAE’s AFS with $50 million for digital payment solutions, Israel’s Zenity with $38 million for cybersecurity, and Israel's Port with $35 million for developer portals. These investments underscore the region’s resilience and innovation amidst economic and geopolitical challenges.

Other Videos

September 2024 MENAPT VC Funding Sees 38% Decrease

MENAPT region sees a 38% drop in tech startup funding in September 2024. Top funded startups include SHIFT, Quantum Source, Qodo, Syarah, and FlapKap.

August 2024 MENAPT VC Funding: Significant Drop in Startup Investments

MENAPT saw a steep 60% drop in startup funding in Aug 2024. Top deals include Orbitworks, Plan-S, Yuze Digital, E Daddy, and LightSolver. Watch the video!

Top 10 Most Funded Startups in MENAPT H1 2024: UAE Tops with a $1.5B Round in AI

MENAPT’s H1 2024 VC funding reached $4.73B, with G42 and Telegram leading the top 10 funded startups. Discover key investments shaping the region.