The Q1 2022 Middle East and North Africa (MENA) Venture Report is one of MAGNiTT's flagship reports that provides a quarterly update on the venture capital and startup ecosystems in the MENA region. 

While VC funding recorded a 13% drop in the Global Venture Markets and a 31% dip in the Asian markets since Q4'21, the MENA ecosystem observed an impressive QoQ growth in both capital investment and total transactions closed. Funding in the MENA startup space over the first quarter of the year has surpassed that of the previous quarter Q4 ‘21 by 33.3%, and that of Q1’21 by 161%. In fact, all MENA top geographies have explored a Quarter on Quarter growth in funding at the beginning of this year.

With burgeoning international investor participation reaching proportions of 61% in markets like the UAE, later-stage investment continues to take off across MENA with the mean Series B round size recording a 108% YoY growth to average north of $50M in Q1 2021,  driven by MENA's 1 Mega Deal recorded at the beginning of the year. 

 

 


Key Highlights - MENA Q1 2022 Venture Investment Report

  • $864M was raised in venture funding in MENA over the first quarter of the year; signifying a strong start for the ecosystem
  • 1 Mega Deal ($100M+) was recorded in MENA closed by Cryptocurrency platform Rain, while the region's top 5 funding rounds accounted for 35% of total funding in Q1'22

  • Startups in the UAE accounted for 27.3% of all deals closed across MENA and 34.4% of all funding raised across the region in 2022 YTD

  • While Fintech startups closed every fourth deal across MENA in Q1'21, Fintech and T&L together constituted more than half (53%) of all funds raised across MENA in the first quarter of the year

  • The 16 exits recorded in the first quarter of the year already make for 44% of those recorded over FY 2021 and equate to those of FY 2020


What’s In The Report?

This quarterly report provides a comprehensive overview and a deep dive into the Middle East and North Africa venture capital and funding investment space and includes the following: 

A 5-year analysis of MENA venture funding evolution, with a focus on 2022 YTD country and industry performance benchmarks

Top 20 investor ranking, together with the business type and HQ analysis of all investment firms in the region

Top 20 startup funding rounds that were closed during the analyzed period, as well as the ticket size split of the entire deal flow

• A 5-year MENA exit evolution with country benchmark breakdown

Top 10 last exits by MENA-based startups


Who will benefit from the report?

The MENA Venture Investment Report is ideal for investors tracking startup activity, consultants looking to identify technology innovation trends, as well as government entities searching for investments.


This report was created with data from MAGNiTT, a comprehensive directory of technology innovation trends. The platform provides the following analytics tools:

Investment directories, a comprehensive list of all startup venture funding across the Middle East, North Africa, Pakistan, and Turkey

Market Sizing Tools to visualize investment growth and trends across industries, geographies, and stage

Startup Resources including a deal flow tool for applications to leading Venture Capitalists for investment

Exit comparisons, looking at Mergers & Acquisitions from across the region

 

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*This report aggregates and analyses tech startup investments in 17 countries in the Middle East and North Africa - listed alphabetically: Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Palestine, Qatar, Saudi Arabia (KSA), Syria, Tunisia, United Arab Emirates (UAE), and Yemen.