Q1 2018 - $36M in disclosed funding, 62 # of deals

Q1 2018 comparison

Deals: 62 in Q1 2018
Disclosed Amount Invested: $35.54M in Q1 2018
Q1 2018 vis-à-vis Q4 2017:
• Deals: -14 fewer deals in Q1 2018 (62) compared to Q4 2017 (74)
• Disclosed Amount Invested: -$33M less invested in Q1 2018 ($36M) compared to Q4 2017 ($69M)
Q1 2018 vis-à-vis Q1 2017:
• Deals: +12 more deals in Q1 2018 (62) compared to Q1 2017 (50)
• Disclosed Amount Invested: -$25M less invested in Q1 2018 ($36M) compared to Q1 2017 ($61M)

Q1 2018 Investment Breakdown

Investment stage:
• 47 of the 62 deals took place at the Early Stage (i.e. SEED or Angel) (76%)
• 10 disclosed at Series A (16%)
• 3 disclosed at Series B (5%)
• Highest number of deals: UAE (18)
• Highest amount of funding: UAE ($26M)
• Other notable investments: Egypt (15 deals) and Lebanon (10 deals)
• Highest number of deals: E-Commerce (10)
• Highest amount of funding: Travel & Tourism ($12.5M)
• Number of industries: 20 different industries

MAGNiTT Q2 Predictions


• See an uptick in investments leading up to and during Ramadan (before the summer lull)
• Expect Q2 to have an increase in activity in number of deals and amount invested across the MENA Region
• Await confirmation of VCs to close their new funds to start deploying
• Await public disclosure of several deals that have been closed, but not disclosed
• Discuss whether CAREEM is doing a $500M late stage fundraise. This would put MENA firmly on course for a record year of funding.
Venture Capital Firms
• We have noted the emergence of new family offices playing in the VC space
• Existing VCs in KSA, Egypt & UAE are actively looking for opportunities to invest
• TechStars Demo day, ArabNet competition, MiT Finals to take place in Q2