By Lucidity Insights Research Team • November 10, 2024
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.
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