July proved to be a busy month! In fact, it was the second busiest month in 2018 by amount invested. A couple of key highlights for you:
 

-  8 deals undertaken amounting to $40.8M in disclosed funding.

-  If we compare YTD 2018 to the same period in 2017 we have seen roughly the same number of startups funded but a considerable $148M drop in amount invested.

-  The top 3 most funded startups were Phygicart ($14.5M), Mawdoo3 ($13.5M) and The Luxury Closet ($8.7M).

-  Questions remain as to whether 2018 is actually looking positive. Signals suggest that the MENA region needs a strong summer period to see us keep pace with previous year funding. For example, June to August 2017 saw $300M of funding announcements. 

 

July 2018 comparison

•  Deals: 8 in July 2018

•  Disclosed Investments: $40.8M in July 2018

 

July 2018 vis-à-vis July 2017: 

- Deals: 12 fewer deals in July 2018 (8) compared to July 2017 (20) 

- Disclosed Investments: $57M less invested in July 2018 ($41M) compared to July 2017 ($98M)

 

July 2018 vis-à-vis June 2018: 

- Deals: 1 more deal in July 2018 (8) compared to June 2018 (7)

- Disclosed Investments: $35M more invested in July 2018 ($41M) compared to June 2018 ($41M)

 

January – July 2018 vis-à-vis January – July 2017: 

- Deals: 7 more deals in Jan-Jul 2018 (155) compared to Jan-Jul 2017 (148) 

- Disclosed Investments: $148M less invested in Jan-Jul 2018 ($156M) compared to Jan-Jul 2017 ($304M)