2019 MENA Delivery & Transport Venture Investment Report
April 2020

Despite Careem's $3.1B exit, Delivery & Transport saw record deal activity in 2019

- $121M was invested in 45 Delivery & Transport investment deals in MENA in 2019;

- There was a 53% drop in total Delivery & Transport funding from 2018 to 2019;

- Careem became the first-ever unicorn exit in the MENA region;

- Last-Mile Delivery & Logistics became the most popular industry vertical by deals;

- The UAE accounts for the highest number of Delivery & Transport startups.

 

Uber's acquisition of Careem for $3.1B was one of MENA's landmark acquisitions in the last decade, with the only unicorn being acquired by its international competitor. Many might assume that such an event has a massive effect on an industry's venture capital funding. And yes, total funding saw a significant drop from 2018 to 2019, due to the lack of mega funding rounds.

 

However, newly established startups raised more deals than ever before, with On-demand Mobility, Freight & Trucking, and Last-Mile Delivery especially seeing an increase in traction. As a result, 80% of all investments were at the Early Stage, signifying a startup industry that is still relatively young. There are, however, some outliers, which are growing quickly and have raised sizeable funding rounds.

Purchase 2019 MENA Delivery & Transport Venture Investment Report

This 62-page report includes:

Transport Funding Trends in MENA, incl. deals & funding evolution, avg. funding, and top MENA deals
- Transport Exits in MENA, including a list of all 2019 exits
- Investors in Transport, with most active investors by funding stage ranked
Industry Vertical Insights, case studies on top transport verticals, such as Mobility, Last-Mile, and Freight
- Pre-money Valuation by Funding Stage, highlighting the avg. pre-money valuation at Seed & Series A
- Country Rankings & Trends in Transport, incl. a ranking of MENA countries by transport deals and funding

Want to see a sample of the full report? Click here.

 


Inevitably, with an increase in the number of startups in the Delivery & Transport space in the Middle East and North Africa, there are more investors looking to support those startups as well. Transport has long been one of the largest challenges in the region, which could be solved with tech-enabled, scalable solutions that startups aim to offer.

Not surprisingly, the number of investors in MENA-based Delivery & Transport startups reached an all-time high in 2019, with 50 entities making investments in regional transportation startups. 86% of these investors come from the MENA region, with the remaining 14% coming from outside the region.

Whereas certain industries have seen significant international interest, such as FinTech and Healthcare, Delivery & Transport remains largely in the interest of regional investors. This, and much more, is covered in the full report.

Purchase 2019 MENA Delivery & Transport Venture Investment Report

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