🌐 Investments in MENA 2024 in Review

In 2024, MENA startups secured $2.3 billion in investments, marking a 42% year-on-year decline;

However, excluding debtfinancing, the decrease is a more modest 11%. Despite the drop in total funding, the number of deals increased by 3.5% to 610. The 🇦🇪 UAE led with $1.1 billion raised across 207 startups, followed by 🇸🇦 SaudiArabia with$700 million in 186 deals, and 🇪🇬 Egypt with $334 million in 84 deals.

Fintech remained the dominant sector, attracting 30% of total funding, equivalent to $700 million. Early-stage startup were particularly active, securing over$1.2 billion.

Notably, female-founded startups garnered $27.6 million, accounting for 1.2% of total funding, reflecting progress from the previous year.

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