February 2018 Funding Summary
▪February saw an uptick in amount invested, despite a decline in the number of transactions undertaken
−6 deals were disclosed amounting to $8.3M
−This was the highest amount invested in February in last 3 years, excl. 2016.
−It was the lowest # of deals recorded in February in recent history
−Still a long way from matching previous year’s total Q1 funding (-$43M)
▪Top three February deals by disclosed investment size were:
−Arkin Technologies- $3.5M
−Ghinwa - $3M
−Enhance (Joi gifts) - $1.5M
▪Investment analysis breakdown:
−5 of the 9 deals took place at the SEED Stage, 3 disclosed at Series A and 1 undisclosed at Series B
−3 of the deals occurred in the UAE and Jordan respectively, 2 in Kuwait and 1 in Lebanon
−Investments were spread across 6 different industries, with 3 deals in E-Commerce