Startups in the Middle East and North Africa (MENA) region were granted $1.03bn in funds during 2020, according to a report by startup data platform, MAGNiTT. The funds, which were granted to about 496 deals, reflected a 13% increase compared to the financing granted in the previous year. On the other hand, the report said …
Latest in Tag: MAGNiTT Highlight
Latest in Tag: MAGNiTT
UAE acquires lion’s share of investments for July
The report said Egypt maintained its regional lead for the number of start-up focused financing and investment deals in the first quarter (Q1) of 2020, acquiring 37% of the MENA region total.
$704M invested in 564 startup investment deals in MENA, according to the MENA startups data platform
The report stated that about 354 investment deals worth $517m were concluded in the third quarter (3Q) of this year, an increase of 30% in the value of funds from last year, and 3% in the number of deals concluded.
The Middle East and North Africa (MENA) startup ecosystem witnessed a record year in terms of investment growth in MENA-based startups in 2018, recording 31% increase in funding from 2017, according to a recent report issued by MAGNiTT. According to the report, a record number of deals, with $893m was invested across 366 deals in …