H1 2020 saw more investment in fewer startups, already 95% of full-year 2019 funding
This venture report deep-dives into the first six months of 2020, highlighting key trends in the venture capital and startup ecosystem. Interestingly, despite COVID-19, there has been an increase of 35% in total funding from H1 2019 to H1 2020, with MENA-based startups raising $659M in the first six months of 2020. This is already 95% of full-year 2019 funding.
Check out our latest webinar between MAGNiTT's CEO and Founder, Philip Bahoshy, and Executive Chairman of Wamda Group, Fadi Ghandour, in a fireside chat around the findings of this H1 2020 MENA Venture Investment Report and to discuss what lies ahead in 2020 and beyond for the venture space in the region.
Want to access the full H1 2020 MENA Venture Investment Report? Discover more by purchasing our full 70+ page data-driven report, including country and industry trends!
With the increase in funding and on-going COVID-19 crisis, investors appetite has shifted to focus on later-stage investments as well as supporting portfolio companies with follow-on rounds. Moreover, many international investors took an interest in MENA-based startups, with 31% of all investors in H1 2020 coming from outside the MENA region.
Aside from a change in investment stage, many investors are choosing to invest in industries that are seeing increased demand in the current climate, like E-commerce, FinTech, EdTech, and HealthTech, among others. Read more by downloading the free snapshot, or take a look at the full report here.