Healthcare deals reached an all-time high in 2019

With healthcare being one of the most important sectors in the Middle East and North Africa (MENA), startups have increasingly focused on the industry to provide reliable, easy-to-access healthcare products and services. In 2019, 472 healthcare startups were active across the MENA region, out of which 31 raised funding rounds – an increase of 15% compared to 2018, which was in itself an all-time high. Especially Telehealth & Online Booking startups have seen a significant increase in funding activity, with Healthcare startups looking to bridge the affordability and accessibility gaps in the MENA region.


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This 54-page report includes:

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


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Aside from a record year for funding and number of deals, MENA-based healthcare startups also attracted more investors than any previous year. As shown by the chart below, this increase in investors is mainly fueled by MENA-based investors as opposed to international investors – in 2019, all industries saw 25% of their investors come from non-MENA countries, indicating that more inernational investors look for other industries than Healthcare. Nonetheless, the number of investors has increased by a CAGR (Compound Annual Growth Rate) of 33%, higher than the MENA average.