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Turkey Tops MEAPT VC Leaderboard in April 2025

Turkey Tops MEAPT VC Leaderboard in April 2025

May 15, 2025

MEAPT VC Funding Roundup – April 2025 | $3.54B Raised Across 327 Deals
 

April 2025 marked an inflection point for MEAPT’s venture capital landscape. After months of growth, total funding dipped to $3.54 billion, down 18.8% year-over-year, while deal count slid to 327 rounds. But the absence of mega-rounds—like G42’s $1.5B raise in April 2024—means comparisons are skewed. Adjusted for that outlier, April 2025 actually outperformed last year’s figures, signaling resilience amid shifting investor strategies.

📌 Top 10 Funding Rounds:

Sipay (Turkey) – $78M Series B led by Elephant VC

Lightrun (Israel) – $70M Series B backed by Accel & Insight Partners

Bokra (Egypt) – $59M via sukuk issuance for Islamic fintech expansion

Stitch (South Africa) – $55M Series B for open banking growth

Haball (Pakistan) – $52M debt + seed for Sharia-compliant SME financing

Element Labs (Israel) – $50M Series A for energy-efficient AI chips

Sentra (Israel) – $50M Series B for secure AI data workflows

HRA Experience (UAE) – $39.6M for blockchain-powered travel tools

Cynomi (Israel) – $37M Series B for virtual cybersecurity leadership

Groundcover (Israel) – $35M Series B for eBPF-powered DevOps observability

Turkey topped the leaderboard, with Egypt and Pakistan breaking into the top 10—signaling diversification beyond the UAE-Israel-KSA axis. Investors are playing smarter, backing high-impact ventures across fintech, AI, cybersecurity, and Web3.

📺 Watch the full breakdown to explore startup profiles, investor trends, and what this shift means for MEAPT’s tech ecosystem.

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